Energy Development Oman (EDO) was established by Royal Decree in December 2020, becoming Oman’s national energy company. Tasked with leading the nation’s energy sector, its core objective is to ensure efficient, secure, and cost-effective energy for national prosperity in line with Vision 2040’s economic growth goals. EDO’s mandate is to optimize the commercial potential of Block 6, where it holds a 60% stake in the oil concession and 100% ownership of the gas concession. A key enabler in Oman’s energy transition journey, EDO aims to balance the reliance on traditional hydrocarbons with renewable energy, including solar and wind. EDO’s current strategy encompasses the oversight of government-owned energy assets in Block 6, optimizing its operating models and the consolidation of its procurement and supply chain processes. EDO is focused on the management of the assets to improve cashflow as well as identifying and structuring new income-generating opportunities. With these initiatives, EDO is bolstering Oman’s energy security and providing a steady revenue stream for the government. Fostering a supportive ecosystem for the energy industry, EDO works closely with the public and private sector to establish an enabling regulatory and business framework for foreign investment in green energy initiatives.