**BREAKING NEWS | GLOBAL REPORT**
**MUSCAT, Oman** – A landmark diplomatic and economic initiative was formally launched today in the Sultanate of Oman, as government officials announced the implementation of a comprehensive national strategy aimed at positioning the nation as a leading hub for green hydrogen production and export by 2030.
**WHO:** The initiative is spearheaded by the Oman Ministry of Energy and Minerals, in collaboration with the state-owned Hydrogen Oman (Hydrom) company and multiple international energy consortiums.
**WHAT:** The strategy involves the finalization of land allocations for several large-scale green hydrogen projects, including a $10 billion facility in Duqm. These projects are designed to use renewable energy sources to produce hydrogen for domestic use and international export, targeting major markets in Europe and Asia. The announcement also includes the signing of binding offtake agreements with several European energy firms.
**WHEN:** The landmark agreements and implementation timeline were ratified during a high-level summit held in Muscat earlier today.
**WHERE:** The primary production zones are located in the Al Wusta Governorate and the special economic zone at Duqm, with the Port of Duqm designated as the main export terminal.
**WHY:** The Sultanate aims to diversify its economy away from oil and gas revenues, capitalize on its abundant solar and wind resources, and meet international climate commitments. Analysts estimate this hydrogen sector could contribute over $10 billion to Oman’s GDP by 2040.
**HOW:** Following rigorous environmental impact assessments and infrastructure development, production is scheduled to commence in phases from late 2027. The initiative utilizes electrolysis powered by renewable energy to split water into green hydrogen, with a goal of producing over 1 million tons annually by 2030. This development marks a significant shift in the region’s energy landscape, positioning Oman as a key player in the global energy transition.