Muscat: Reinforcing its commitment to advancing the lubricants technologies, Shell Oman recently convened industry leaders, experts, and stakeholders at the Shell Lubricants Technology Conference, held at the Sheraton Oman Hotel. The event spotlighted Shell Oman’s role in developing cutting-edge lubricants and solutions for the construction, oil and gas and power sectors. These solutions tend to reduce the total cost of ownership, reduce energy consumption and support the transition toward a more sustainable energy future in line with the Oman 2040 vision.

Commenting on the conference, Mohamed ElFatatry – General Manager – Lubricants, Supply Chain & Customer Operations at Shell Oman stated, “Innovation and collaboration are the driving forces behind a successful energy transition, and at Shell Oman, we are dedicated to developing lubricant technologies that enhance industrial performance while advancing sustainability. As Oman strengthens its position as a regional leader in energy transition, we continue to integrate sustainability at every level—ensuring our solutions are both commercially viable and environmentally responsible. This conference serves as a platform to exchange actionable insights on achieving Net Zero by 2050, emphasizing the role of partnerships in shaping a lower-carbon future. By continuously refining our innovations, we aim to drive long-term resilience, empower industries to adopt sustainable practices, and contribute meaningfully to Oman’s energy ambitions.”

Focusing on ‘Innovation for a Sustainable Future’, Mohamed ElFatatry’s keynote address underscored the pivotal role of advanced technologies and strategic foresight in achieving net-zero emissions. In addition to broader discussions on energy efficiency and decarbonization, the conference featured specialized sessions on innovations in oil and gas operations and advanced solutions for the construction industry. These sessions offered in-depth technical insights into modern lubricant technologies, highlighting their role in optimizing heavy machinery, extending asset lifespan, and enhancing operational efficiency in complex industrial settings.

The event not only showcased cutting-edge technologies but also highlighted the importance of cross-sector collaboration in accelerating Oman’s energy transition. Discussions emphasized the role of strong partnerships with OEMs, vendors, and suppliers in setting sustainability benchmarks and driving collective progress toward a greener future. Shell Oman’s commitment to capacity building, In-Country Value (ICV) enhancement, and Omanization was also a key focus, reinforcing its efforts to develop local talent while advancing economic and environmental resilience. By investing in innovative technologies and cleaner energy solutions, Shell Oman is enabling businesses to adapt to an evolving energy landscape, linking sustainability with long-term commercial growth and strengthening its market position.

Shell Oman’s Lubricant Oil Blending Plant (LOBP) is a hub of innovation, efficiency, and sustainability, adhering to strict quality and HSSE standards. Serving local and regional markets, it exports to 14 countries while being powered by skilled Omani talent and global best practices. The plant reinforces Oman’s position as a regional energy leader. Shell Lubricants further drives efficiency with cutting-edge solutions like PurePlus™ GTL technology, delivering cleaner, high-performance lubricants that enhance durability, reduce costs, and boost sustainability. By integrating innovation with a diverse product portfolio, Shell transforms Oman’s business landscape with future-ready solutions.

By hosting this conference, the company reaffirms its commitment to industry leadership and knowledge-sharing. In a rapidly evolving energy landscape, such platforms are essential in providing stakeholders with valuable insights while positioning Shell Oman as a driving force for progress solidifying its vision for a more efficient, resilient, and greener future.

About Shell Oman Marketing Company

Shell Oman Marketing Company is a publicly listed company on Muscat Stock Exchange. Shell Oman operates in a multi downstream-business structure providing Mobility, Commercial, Lubricants, Marine, Bitumen and Aviation fuel products and services in Oman. The company owns and operates the only ISO-certified lubricants blending plant of its kind in Mina Al Fahal that produces Made-in-Oman Shell-branded lubricants for local and regional markets. Shell Oman excels in its commitment to local talent development, with more than 93% Omanisation rate across its workforce. The Company works to meet the Sultanate’s growing energy demands, and contributing to its prosperity in an economically, environmentally and socially responsible manner, by operating safely and ethically and creating sustainable value for the Omani community.    

Enquiries
Mahmoud Al Abri
Acting GM – Corporate Relations
Shell Oman Marketing Company
Phone: +968 24570200
Email: feedbackandissues-om@shell.com 

Shell’s net carbon intensity

Also, in this announcement we may refer to Shell’s “Net Carbon Intensity”, which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Intensity” is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year.  They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years.  However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Shell expects to publish its 2024 Energy Transition Strategy on March 14, 2024, which will include an update on Shell’s energy transition strategy and set out Shell’s climate targets and ambitions for the future.

Forward Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as [cash capital expenditure] and [divestments]. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this announcement do not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.