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Mansoor Al Abdali CEO, OQGN

OMAN - Energy & Mining

Mansoor Al Abdali

CEO, OQGN

Bio

Mansoor Al Abdali has close to 30 years of experience in operations, maintenance, and engineering of oil and gas facilities, with skills in pipeline management. Prior to joining OQGN in 2009, he spent 15 years at PDO, where he was in charge of the inspection and maintenance of all PDO assets and operational sites, including oil and gas pipelines and terminal facilities. As its CEO, Al Abdali has led OQGN’s asset acquisitions of PDO and Madayn (PEIE). He holds a bachelor’s degree in mechanical engineering from the University of Manchester Institute of Science & Technology, UK.

"Our OQGN IPO initiative has successfully achieved its strategic goals, drawing over 35-fold subscriptions from both international and regional entities."
After its successful IPO, OQGN is focused on expanding its operations and contributing to Oman’s commitment to achieving net-zero emissions by 2050.
What is OQGN’s contribution to the national economy, particularly its role within the gas and energy ecosystem?

OQGN serves as a critical infrastructure asset in Oman’s energy sector, facilitating connections between six gas producers and over 130 gas consumers, including power plants, petrochemical facilities, free zones, and industrial estates. We play an important role to enrich Oman industry by supplying critical feedstock to maximize value creation. With ownership of the entire national gas infrastructure, comprising over 4,000km of high-pressure pipelines and more than 25 gas supply stations, we also operate booster stations at three strategic locations to ensure gas delivery to consumers adheres to specified standards.

OQGN’s IPO has garnered massive oversubscription and is poised to be the largest in Oman’s history. What implications does this hold for the country’s standing?

Our OQGN IPO initiative has successfully achieved its strategic goals, drawing over 35-fold subscriptions from both international and regional entities. We take pride in the participation of three anchor investors in our IPO: Falcon Investments, a subsidiary of Qatar Investment Authority; Saudi Omani Investment Company, a fully owned entity of Saudi Public Investment Fund (PIF); and Fluxys, a prominent European independent energy infrastructure group. These strategic investors were carefully selected to attract foreign capital to Oman and invigorate the local stock market. This clearly supports Oman’s Vision 2040, particularly in terms of diversifying the economy and attracting foreign investment.

What do you foresee the company doing beyond the IPO in terms of expansion, and what will change going forward?

The IPO is intended to shift the company’s culture toward compliance, transparency, and sustainability, thereby widening its purview and potentially fostering future growth. Moreover, the IPO will bolster our journey toward greater resilience, allowing us to prioritize sustainable objectives and align more closely with international counterparts in the energy transportation infrastructure sector.

Oman announced its commitment to achieve net-zero by 2050. How will OQGN contribute to achieving this target?

OQGN is fully committed to aligning with Oman’s national targets of achieving net-zero emissions by 2050. We are actively supporting the country’s efforts in key areas such as hydrogen and carbon capture, utilization, and storage (CCUS) transportation. Our focus is not only on leveraging these technologies to significantly reduce emissions within our operations, but also on being a key enabler of the energy transition in Oman. OQGN is committed to delivering the required transportation infrastructure for upcoming green hydrogen and CCUS projects in Oman and is working diligently with key stakeholders and industrial players to ensure infrastructure is planned, designed, built, and operated in a timely and cost-effective manner. Additionally, OQGN has developed a robust decarbonization strategy that outlines clear steps and initiatives to achieve net-zero emissions by 2050. This strategy not only aligns with Oman’s targets but also conforms to global frameworks and industry best practices. It serves as a testament to our dedication to sustainability and our proactive role in supporting Oman’s climate objectives.

What are your expectations for both the country and OQGN in 2024?

OQGN is focused on organic growth and expanding the network, with a particular emphasis on Duqm due to strong government support and gas demand. We prioritize operational excellence, supported by a digitalization strategy to enhance efficiency and effectiveness. Additionally, we are positioning ourselves as the preferred partner for gas transportation, including hydrogen and CO2, to support Oman’s energy transition toward net zero emissions by 2050. OQGN collaborates with Hydrom and MEM to lead hydrogen infrastructure development and regulatory aspects of CO2 transport. Sustainability is a key focus, with efforts to enhance environmental and social impact and governance. Initiatives are underway to reduce GHG emissions and support employee development and well-being, including baseline assessments and dedicated sustainability functions. For Oman, we expect that the transformation programs set up by the government will yield extensive sustainable growth in the economy. Evidence of this is being witnessed through the upgrading of Oman’s ratings.

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