Oman + S. Korea bolster cooperation in green energy: Oman’s Energy and Minerals Ministry has signed an MoU with South Korea’s Environment Ministry to strengthen and develop bilateral cooperation in the green transition, ONA reports. The MoU aims to encourage the two countries to cooperate in green transition programs and policies and environmentally sustainable techniques in the production, storage, distribution, and use of green energy. It also aims to build capacity in industries that help contribute to the green transition and other aspects of cooperation.

REMEMBER- A consortium led by South Korea’s steelmaking company Posco Group wasawarded in June a USD 6.7 bn contract to set up what it described as the world’s largest green hydrogen plant in Oman’s Duqm. The project comes under Oman’s plan to become a green hydrogen hub, with a recent IEA report (pdf) saying that the Gulf country is on track to become the sixth-largest exporter of hydrogen globally. Meeting Oman’s target of producing 1 mn tons of low-carbon hydrogen annually by 2030 will require a 50 TWh increase in renewable power, which is more than the current size of the country’s entire electricity system.

IN OTHER DIPLO NEWS– South Korea is pushing with efforts to sign free trade agreements with seven emerging markets including Morocco, Yonhap News Agency reported on Friday, citing the country’s Trade, Industry, and Energy Ministry. It is working to sign a bilateral Economic Partnership Agreement with Kenya, Tanzania, Morocco, Thailand, Pakistan, Serbia, and the Dominican Republic. “The seven nations bear high growth potential and have ample room for mutually beneficial cooperation with South Korea,” said Seoul’s Deputy Minister for Trade Negotiations Roh Keon-ki.

Tags: