Energy Development Oman and Sumitomo form joint venture
11 November 2025
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State-owned Energy Development Oman (EDO) has entered into a joint venture with Japan’s to establish a supply chain management entity in the sultanate.
The company will be the first of its kind in Oman and will be based in Duqm, located in Al-Wusta Governorate on the sultanate’s geopolitically strategic Indian Ocean coast.
The new company aims to provide supply chain management services to the energy sector in Oman, starting with the oil country tubular goods (OCTG) supply chain, with other energy-related products and services to be added, not least for the hydrocarbons value chain but also for renewables and other types of energy development.
“This strategic partnership marks a key step in strengthening the national energy ecosystem through investment in local content development, the advancement of industrial value chains and the growth of Omani talent, while positioning Duqm as a central hub for logistics and energy-related industries,” .
“Anchored in Duqm’s strategic location at the crossroads of Asia, Africa and the Middle East, the partnership will elevate the role of supply chains from a supporting function to a driver of economic growth, connecting investment, industry and innovation under one integrated framework,” EDO said.
ALSO READ: EDO signs agreement with Chinese firm
EDO was established by the Omani government in December 2020 through Royal Decree 128/2020.
The decree allowed EDO to assume control of the Omani government’s share in Petroleum Development Oman, which has exclusive oil and gas exploration and production rights in Block 6 – the largest hydrocarbons concession in the sultanate.
EDO owns the majority 60% equity stake in Block 6, 100% of the Block 6 non-associated gas concession and 100% of Hydrogen Oman.
Sumitomo said in a statement: “For over 20 years, Sumitomo Corporation has supplied OCTG used in oil and gas extraction to Petroleum Development Oman, a subsidiary of EDO and the largest national oil company in Oman. Through supply chain management services such as inventory management, maintenance and just-in-time delivery on behalf of its customers, Sumitomo Corporation has realised an efficient and stable supply system.
“This venture symbolises the deepening strategic partnership between Oman and Japan in the energy sector. It underscores both organisations’ mutual commitment to enhancing the resilience of Oman’s energy infrastructure and fostering long-term, sustainable growth,” Sumitomo added.
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