Several cooperation agreements were signed in Muscat under the oversight of His Majesty Sultan Haitham bin Tarik and President Duma Gideon Boko of Botswana. The accords aim to deepen economic ties between the two nations, covering mineral exploration, petroleum storage infrastructure, and a large-scale solar power project.
Abdulsalam Mohammed Al Murshidi, President of the Oman Investment Authority, said the agreements reflect Oman’s economic diplomacy and its strategy of building global partnerships while attracting investment into domestic sectors.
The agreements include a framework with Botswana Oil to explore cooperation in fuel supply and storage. This includes developing coastal import and storage facilities in Botswana and the surrounding region linked to inland strategic stockpiles to enhance fuel security. These aspects will undergo technical and commercial evaluations, including supply models, regulatory frameworks and risk allocation.
Ashraf Hamad Al Maamari, CEO of OQ Group, said the agreement demonstrated a partnership approach to advancing the energy sector. He added that the company was looking forward to evaluating practical and scalable solutions that enhance fuel security and create sustainable investment opportunities.
Meanwhile, India’s Union Commerce and Industry Minister Piyush Goyal said that India and Oman have discussed unlocking opportunities under the proposed CEPA to boost bilateral trade and investment ties for mutual growth.
The minister shared details of his telephonic conversation with Oman’s Minister of Commerce, Industry and Investment Promotion, Anwar bin Hilal bin Hamdoun Al Jabri, stating that both sides explored ways to deepen economic engagement between the two countries.
In a post on social media platform X, Piyush Goyal said the discussions focused on leveraging the India-Oman Comprehensive Economic Partnership Agreement (CEPA) to enhance trade flows and investment opportunities.
The agreement, signed in Muscat in December 2025, is yet to be implemented but is expected to significantly strengthen economic ties once it comes into force.