Muscat:Occidental Oman (Oxy Oman) has signed three significant agreements with Omani companies aimed at increasing their involvement in energy sector supply chains. These agreements were finalized at the Local Content event for 2026, organized by Oxy Oman, and were overseen by Eng. Mohsin Hamad Al Hadhrami, the Undersecretary of the Ministry of Energy and Minerals.
According to Oman News Agency, the agreements focus on the provision of wellhead equipment and associated services, as well as the supply of variable frequency drive units and flanges. This initiative seeks to expand opportunities for local suppliers and enhance the participation of national companies in operational activities and energy sector supply chains.
During the forum, Oxy Oman highlighted its key achievements and initiatives in enhancing local content, developing small and medium enterprises, and national competencies. The company reviewed the "Ishaam" program, launched in 2024, which aims to boost Omanization and develop national skills, resulting in 89 job opportunities during 2024 and 2025, and an additional 360 jobs projected from 2026 to 2028. The program has also provided specialized training for more than 200 participants, incorporating over 1,100 practical training opportunities within the company's contract strategies.
Furthermore, the "Tasharuk" program supports 17 Omani small and medium enterprises, employing around 450 people with an Omanization rate of 70 percent, and has qualified more than 160 participants in technical and personal skills. The event also featured a project using drones for logistical solutions to transport spare parts and essential materials to remote sites, enhancing operational efficiency and safety.
Oxy Oman disclosed its performance metrics, indicating that local content constituted 41.5 percent of its total supply chain expenditure by mid-2026, with small and medium enterprises receiving 19 percent of spending. The company awarded 57 contracts focused on local content, which included initiatives for supplier development and local manufacturing.
The event concluded with the recognition of outstanding companies and teams for their contributions to local content development. Eng. Mohsin Hamad Al Hadhrami emphasized the government's priority on empowering national capabilities and supporting small enterprises, highlighting the role of these initiatives in equipping Omani youth with future skills and enhancing local supply chains' sustainability.
Steven Lauver, President and General Manager of Oxy Oman, reiterated that local content is central to the company's strategy for achieving sustainable value in Oman, aligning with the goals of "Oman Vision 2040" through cooperation with government and local partners.