OQ GAS NETWORKS

OQ Gas Networks SAOG (OQGN), established in 2000 as Oman Gas Company SAOC and renamed to OQ Gas Networks in 2020, is the sole owner and operator of Oman’s Natural Gas Transportation and Distribution Network (NGTN). The Company is responsible for acquiring, constructing, operating, and maintaining gas transportation pipelines, facilitating natural gas distribution from producers to consumers, and serves Oman’s Liquefied Natural Gas (LNG) complexes, oil and gas sector, power and desalination plants, industrial clusters, free zones, and other customers. In June 2020, the Company entered into an amended Concession Agreement with the Government of Oman, which was ratified by Royal Decree 122/2020 in October 2020. This agreement grants OQGN gas transportation concession rights for 50 years. It also provides a right of first offer on any future gas transportation infrastructure concessions until 30 October 2070 under the Regulatory Asset Based (RAB) Framework.

Financial Highlights - 2024

154.8 Mn OMR
Income
47.8 Mn OMR
Profit for the Year
81.8 Mn OMR
EBITDA
Q4 2024
LATEST QUARTERLY RELEASE
  • Financial Statements
  • Earnings Releases
  • Earnings Presentation
  • Data Supplement

Latest Events

Read More

Latest Announcements

Read More