Energy Development Oman and Sumitomo Corporation To Establish Oman’s First Integrated Energy Supply Chain Company

Muscat, Oman, November 2025 — Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno; hereinafter “Sumitomo Corporation”) has established a joint venture company, tentatively titled "Integrated Supply Chain Oman LLC," in Muscat, the Sultanate of Oman, together with Energy Development Oman (Head Office: Muscat, Oman; CEO: Mazin bin Rashid Al Lamki; hereinafter “EDO”), a state-owned energy company in Oman. The new company aims to provide supply chain management (SCM) services to energy sector in the country, starting with Oil Country Tubular Goods (OCTG) supply-chain, with other energy-related products and services to be added, not only for hydrocarbon value chain but also renewables and other types of energy development.

For over 20 years, Sumitomo Corporation has supplied OCTG used in oil and gas extraction to Petroleum Development Oman (PDO), a subsidiary of EDO and the largest national oil company in Oman. Through SCM services such as inventory management, maintenance and just-in-time delivery on behalf of its customers, Sumitomo Corporation has realized an efficient and stable supply system.

This venture symbolizes the deepening strategic partnership between Oman and Japan in the energy sector. It underscores both organizations’ mutual commitment to enhancing the resilience of Oman’s energy infrastructure and fostering long-term, sustainable growth.

"Sumitomo Corporation is proud to partner with EDO in contributing to the development of a sustainable energy supply infrastructure in the Sultanate of Oman. For over two decades, Sumitomo Corporation has supplied OCTG products to Oman’s oil and gas industry, and this joint venture builds upon a track record of long-standing trust and collaboration. This initiative also marks a significant step forward in realizing Oman Vision 2040, particularly in the areas of energy diversification, innovation, in-country value (ICV) and local talent development," commented a representative from Sumitomo Corporation. They also added, "Sumitomo Corporation remains committed to being a trusted partner in Oman’s journey toward a sustainable future, and we look forward to deepening our cooperation with a long-term perspective."

"This partnership between EDO and Sumitomo Corporation marks an important milestone in Oman’s journey to strengthen and localize its energy supply chain. It is about creating a more efficient, resilient, and self-sustaining energy ecosystem—one that supports national industry, builds local capability, and enhances long-term competitiveness. For the first time, Oman will be able to aggregate supply-chain demand at a national level, helping reduce overall production costs while creating opportunities for Omani SMEs and professionals. Duqm provides the ideal base for this transformation, and we look forward to working with our partners to turn this vision into tangible results for the country." noted an official from EDO.

Related Release : Sumitomo Corporation Middle East and Petroleum Development Oman announce the signing of a 5 year contract renewal for supply of OCTG’s.