ABOUT IGC

About IGC

The Integrated Gas Company (IGC) was established in December 2022 with a clear strategic vision to manage all allocations, assets, rights, and obligations related to the purchase, sale, import, export, and transportation of natural gas and related products on behalf of the government of the Sultanate of Oman.

The company aims to raise the efficiency of managing the gas sector, ensure the efficiency of applying the terms of contracts signed in this sector, whether with producers or consumers, develop a gas allocation strategy, implement government policies and plans on gas selling prices and quantities allocated to sectors, sell gas to gas-based projects, increase the volume of economic activity and the added domestic value of the gas sector and related activities.

Abdul Rahman    
Humaid Al Yahyaei

Chief Executive Officer

CEO’S MESSAGE

The formation of the Integrated Gas Company SAOC (IGC) carries a unique mission to expertly oversee Oman’s entire gas supply chain. Adapting to the nation’s dynamic and continually evolving landscape of reliable gas supply to meet growing demands necessitates a revolutionary approach. As the CEO of IGC, I am privileged to lead an energetic team ready to confront the challenges that lie ahead. Our commitment to Oman’s energy sectors, generally, and the gas sector specifically, transcends the balance of supply and demand. We are dedicated to providing sustainable energy solutions for the nation, which align with the vision of His Majesty Sultan Haitham bin Tariq Al Said.

The trust and confidence placed in IGC to execute our mandates bear significant responsibility to foster the growth and sustainability of Oman’s gas sector in an integrated and seamless manner. Through innovation, accuracy, and service reliability, with a sharp focus on delivering enhanced value across the supply chain, we aim to achieve concrete and sustainable outcomes.

At the forefront of this ambition is to ensure we meet and exceed expectations within our fiscal performance targets in contribution to the nation’s overall GDP, as well as embrace technology and digitalization in our overall pursuit of excellence. This pursuit of excellence, paired with a visionary approach, ensures that we meet sector requirements and industry benchmarks and endeavor to redefine them in collaboration with our primary stakeholders. A key objective is to rigorously adhere to our mandate and fulfill our commitments with integrity and wisdom, aligning with our Core Values.

We are devoted to the efficient use and management of our natural resources, as this will serve as a catalyst for progress in tandem with the national agenda. By strategically consolidating, intelligently allocating, and wisely distributing our precious gas resources, we aim to guarantee a dependable supply that fuels economic activities, propels industrial growth, and improves the living standards of our citizens. Our initiatives will be in harmony with the broader scopes of Oman Vision 2040 and Net Zero Goal 2050.

In conclusion, we are grateful to our Board of Directors, partners, and stakeholders, who have supported our journey from the inception of IGC as a conceptual idea to the organization we are today. We are prepared to tackle the challenges ahead in collaboration with our trusted partners, leading the future of our nation’s energy landscape and contributing to a prosperous future for Oman.

Vision

Creating Sustainable Value Through Strategic Gas Management to Achieve National Objectives.

Mission

Effectively manage the gas sector and empower Oman’s economic diversification & growth through optimizing allocation and development of the gas industry for realizing maximum value to Oman’s economy.

OUR VALUES

IGC

Mutual Respect

Promoting an environment where all individuals are treated with dignity and consideration to foster positive relationships and teamwork.

IGC

Integrity

We place the utmost importance on honesty and ethical behavior. Upholding honesty, transparency, and ethical behavior is crucial for building trust among employees and stakeholders.

IGC

Excellence

Striving for excellence in everything we do sets a high standard for quality, performance, reliability and trust.

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Sustainability

We are committed to operating in a socially and economically responsible manner by demonstrating a commitment to practices and solutions that contribute to long-term socio-economic viability and energy supply continuity and growth.

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Innovation

Encouraging creativity and the pursuit of new ideas can drive growth and competitiveness by enabling us to adapt to change.

OUR MANDATE

The IGC Mandate ensures organizational alignment and accountability while facilitating effective interfaces, fostering a cohesive environment that is conducive to achieving and sustaining results amongst all involved stakeholders.

01

Perform Supply/Demand Planning and Coherent Financial Planning

02

Negotiate Long Term (LT) Sales Contracts and Advise MEM on LT Supply Contracts

03

Manage the Gas Supply and Sales Contracts Portfolio

04

Advise the Government on Gas Sector Value Creation Opportunities

05

Operate as the Shipper for the Off-take and Delivery of Gas and for System Development

06

Manage Settlement-to-Collection Process and Transfer of Net Proceeds to MOF Treasury

07

Optimize Value Through Optimization and Short-term (ST)/Spot Sales

08

Gas Allocation and Industrialization Priority

09

Additional Assurance on the Production and Reserve Data from the Private Gas Concession Holders

Our Journey