# Oman Energy Profile — Complete Reference

**URL:** https://thecodex.expert/energy/countries/oman/
**Session:** 48 | **Date:** 2026-07-09

## Summary

Oman's national hydrogen strategy (managed by state entity Hydrom) targets a hydrogen-centric economy by 2040: ~1 GW clean H2 by 2025, 10 GW by 2030, 30 GW by 2040. Royal Decree 10/2023 allocated ~50,000 km² across Duqm, Dhofar, Al Jazir for auction. Round 1 (2023): ~$30bn across 5 projects, 750,000 tonnes H2/yr combined. Round 2 (April 2024): EDF/J-POWER/YamnaCo + Actis/Fortescue projects, ~$11bn, bringing total committed target to ~1.38 MT/yr by 2030. Est. $50bn+ investment needed for full 2030 target. H2Oman Project (ACWA Power + OQ + Air Products, JDA 2022): ~1 MT/yr green ammonia, Salalah/Dhofar. Other major projects: ACME (India, $3.5bn, Duqm, ~900,000t/yr ammonia); Green Energy Oman/Worley (proposed 25 GW, 1.8 MT H2/yr, among largest globally); Oman Shell blue hydrogen/ammonia (Oct 2023, Duqm SEZAD, gas+CCS bridge tech). Duqm SEZ attracted $20bn+ cumulative investment through 2025, 100+ projects. Broader diversification: debt-to-GDP cut 68% (2020) to 37% (2025), Fitch upgraded to investment grade BBB- (2024). Sources: GH2, Oxford Business Group, Hydrom, AGSI, Onero Institute, Noria Research, The National, Gulf Business, Zawya, Middle East Insider.