The Energy and Industry Department at the Prime Minister Office (EIDPMO) of Brunei Darussalam and the Ministry of Oil and Gas of the Sultanate of Oman held the 2nd Brunei-Oman Joint Energy and Industry seminor from December 4 – 6 in Muscat, Oman.

The Minister of Energy and Industry at the Prime Minister's Office, Brunei Darussalam, Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Awang Haji Mohammad Yasmin bin Haji Umar in his remarks stressed on his appreciation to Oman's Ministry of Oil and Gas for successfully facilitating of the seminar.

Meanwhile, Dr Mohammed bin Hamad Al Rumhi, the Minister of Oil and Gas, Oman , expressed his appreciation to see the continued success of the relationship between Brunei and the Sultanate of Oman and he hoped to see more cooperation between the two countries in the future during his opening speech.

The seminar was also held back-to-back with the 17th Bilateral Consultative Meeting between Brunei Darussalam and the Sultanate of Oman, which was co-chaired by Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng, Minister at the Prime Minister's Office and Minister of Foreign Affairs and Trade II, and Sayyid Badr bin Hamad bin Hamood Al-Busaidi, Secretary-General of the Ministry of Foreign Affairs of the Sultanate of Oman.

During the meeting, they discussed strengthening bilateral cooperation in a number of areas. The areas include trade, energy, defence, education and religious affairs. According to the press release, the Brunei – Oman joint seminar was hosted in Brunei in 2014 where it is established as a platform to share best practices and exchanges on strategically prospering beyond oil and gas

These networks were able to be built upon during the 2nd Brunei-Oman Joint Energy and Industry Seminar that welcomed the inclusion of the non-oil and gas sector into its programme, reflecting the ever strengthening and expanding partnership between Brunei Darussalam and the Sultanate of Oman. Encompassing both energy and industry into the seminar's discussions mirrors the important agenda of economic diversification that the two Sultanates are looking towards in the current global economic climate of volatile oil prices.

The 2nd Brunei-Oman Joint Energy and Industry Seminar with the theme "Strengthening Industrial Cooperation for Economic Growth and Development" featured presentations from both Brunei and the Sultanate of Oman by relevant agencies, on Economic Resilience in the face of Falling Oil Prices; SME Development; Renewable Energy Capabilities; Ease of Doing Business among others.

A trade delegation comprising of 25 companies represented various sectors, including food,    pharmaceuticals, cosmetics, ICT, Muslimah fashion, business services and oil and gas was led by Yang Berhormat Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng and Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Awang Haji Mohammad Yasmin.

A workshop was held On the last day of the seminar between the private sector representatives of Brunei Darussalam and the Sultanate of Oman.  The seminar explored the vast potential that can be tapped from the various sectors of Oman's valuable market, and the opportunity to regard Oman as a trading hub to enter other markets in the region.

In his closing remarks, Sayyid Badr bin Hamad bin Hamood Al-Busaidi acknowledged the depth of relationship between the two countries.

Meanwhile, delivering his closing remarks, Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng, on behalf of Brunei Darussalam, highlighted the ever growing opportunity to work together in overcoming the challenges faced by the two Sultanates, especially in the current economic climate.

Site visits to industries of different sectors were also conducted as part of the trade mission, which included visits to the Oman Oil Refineries and Petroleum Industries Company (ORPIC) and Majis Industrial services at Sohar Port and Freezone.         

The press release said the aim of the visits was to gain a thorough understanding of the set-up of the different industries, such as the integrated Refinery and Petrochemical Complex, which will be similar to the proposed 175,000 bbl/d Hengyi Refinery and Petrochemical at Pulau Muara Besar in Brunei that is in the construction phase.

The visit provided an insight on how the Sultanate of Oman created In-Country Value (ICV) and local employment opportunities from the project. Several areas of cooperation have been identified, such as capacity building and high value products creation such as production of polypropelene. The trade delegation also visited the Gulf Mushroom Products Company.

Source:
@BRUDIRECT.COM

by BruDirect.com

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