OQ Gas Networks SAOG 2023 Annual Report with Sustainability Disclosures
The report highlights OQ Gas Networks' (OQGN) financial and operational performance for the fiscal year 2023, marked by its historic Initial Public Offering (IPO) on the Muscat Stock Exchange, which raised OMR 288 million. The company achieved 100% gas availability for the second consecutive year, transporting 40.5 billion cubic meters of gas through its 4,045-kilometer pipeline network. OQGN was recognized as the national champion for hydrogen transportation in Oman and signed key agreements with Hydrom, Fluxys, and Oxy Oman to support the country's energy transition. Financially, the company recorded a revenue of OMR 174 million and a net profit of OMR 55.5 million, representing significant growth compared to the previous year.
Company: OQ Gas Networks SAOG
Sector: Transport & logistics
Country: Oman
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 65
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OQ Gas Networks SAOG
Annual Report
The report highlights OQ Gas Networks' (OQGN) financial and operational performance for the fiscal year 2023, marked by its historic Initial Public Offering (IPO) on the Muscat Stock Exchange, which raised OMR 288 million. The company achieved 100% gas availability for the second consecutive year, transporting 40.5 billion cubic meters of gas through its 4,045-kilometer pipeline network. OQGN was recognized as the national champion for hydrogen transportation in Oman and signed key agreements with Hydrom, Fluxys, and Oxy Oman to support the country's energy transition. Financially, the company recorded a revenue of OMR 174 million and a net profit of OMR 55.5 million, representing significant growth compared to the previous year.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees