We aim to provide goods and services where added-to-business value exists and the best possible commercial terms can be achieved. We always consider long-term business relationships ("partnerships") with contractors and suppliers, particularly in important and strategic areas.
Transparency and Fairness
We believe that trust is a critical element of business relationships. Hence, our procurement and contracting process are governed by policies and procedures that aim to ensure constant existence of transparency and fairness. Every supply agreement or contract is thoroughly assessed for consistency, integrity and clarity to minimise any misunderstandings or disputes during implementation or execution.
Best for the Country and Company
To create opportunities within Oman, our contracts and procurement policy mandates to have competitive tendering (if circumstances permit) and procuring goods and services from Omani companies – if it is technically and commercially viable.
We fully support and find ways to build on the Omanisation Policy of the Government of the Sultanate of Oman. All contracts shall contain specific requirements for Omanisation.
We continuously strive and look for new ways to support Omanisation by having specific requirements in its supply agreements and contracts. In addition, Oman LNG has a membership in Oman Society for Petroleum Services (OPAL), and it requires Omani local and national contractors and suppliers to apply for OPAL’s Compliance Verification Certification (OPAL CVC). Further details on OPAL can be found on www.opaloman.org.
In-Country Value (ICV)
The Ministry of Energy and Minerals formed In-Country Value (ICV) Committee as a genuine initiative to develop ICV content in Oman and raise opportunities while coordinating the efforts of the industry.
To achieve the aspirations of contributing in a sustainable manner to ICV objectives, we are in constant engagement with the Ministry of Energy and Minerals, a number of oil and gas companies in Oman, Oman Society for Petroleum Services (OPAL), Suppliers and Contractors, and Local Communities in various ways. Furthermore, we have become a member of Oil and Gas ICV Committee and its relevant sub-committees, namely C&P Managers ICV Forum, and HR Forum. Via these committees, we have also managed to share information with other members and discuss challenges, opportunities and innovations in realization of ICV objectives.
We understand the challenges ahead and thus, are regularly reviewing our ICV plan to ensure alignment with Oil and Gas industry and successful contribution to:
- ICV Blueprint Development, which aims at developing a strategy and a roadmap to enhance the ICV contribution made by the Oil and Gas industry to the economy of Sultanate of Oman;
- ICV Evaluation Criteria Development for contracts, which will set a standard mechanism on how ICV can be measured at Oil and Gas Industry level; and
- Joint Suppliers Qualification System for the Oil and Gas Industry to standardise the selection criteria for potential tenderers.