OCCI, Shell join hands to boost in-country value

March 19, 2019

The Oman Chamber of Commerce and Industry (OCCI) and Shell Oman have signed a Memorandum of Understanding (MoU) to enhance the In-Country Value for Shell’s Integrated Gas Projects.

The MoU was signed by Qais bin Mohammed al Yousef, chairman of the Board of Directors of OCCI and Chris Breeze, Shell Oman’s country chairman on Monday.

The agreement aims at creating more jobs and promoting a wide range of economic development and local outsourcing. It will also encourage new organisations of all sizes to leverage the investment opportunities and value chain within Shell’s Integrated Gas Projects.

Commenting on this occasion, Yousef said, “This agreement is part of our strategic plan to embark on fruitful partnerships with all stakeholders to support the sultanate’s sustainable development efforts.

“Our aim is to empower businesses by building their capacities and helping them leverage the available opportunities in the market in order to positively impact the national economy.

“We are confident this move will improve their production capabilities and help them develop their technology in order to qualify and compete in large scale projects.”

He added, “Our collaboration with Shell Development Oman will facilitate the transfer of the company’s extensive expertise in the oil and gas sector to small and medium enterprises.” Breeze said, “Creating a long-lasting positive impact for the communities in which we operate is a core principal that continues to carry us forward.

“The collaboration with OCCI will help create jobs, open a breadth of opportunities for local contractors to grow their businesses sustainably and contribute to the sultanate’s economic development and diversification.”

Based on this agreement, Shell Development Oman and Oman Chamber of Commerce and Industry will jointly utilise various platforms to promote Shell’s Integrated Gas Projects.

This will include an investor exhibition, promotional meetings, business leaders’ summits, trade shows and training courses to further enhance the participation of Omani companies in these strategic projects in the sultanate.