Which modern government holding enterprise was established in 2020 to hold the government's 60% stake in Petroleum Development Oman (PDO) and raise non-sovereign financing?

Answer and explanation

Correct answer: A. Energy Development Oman (EDO)

  1. Step 1: Energy Development Oman (EDO) was established by Royal Decree No. 128/2020.
  2. Step 2: It took over the government's 60% participating interest in Block 6 oil and 100% interest in Block 6 non-associated gas, enabling self-financed energy operations and green hydrogen expansion via its subsidiary Hydrom.
Answer
Energy Development Oman (EDO).
Why not the others: 'OQ' is the downstream integrated refining and chemicals firm; 'Oman LNG' operates the export trains at Qalhat; 'Hydrom' is a subsidiary of EDO focusing on hydrogen.

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