Muscat, 11 October 2023 (TDI): The Foreign Minister of Hungary, Peter Szijjarto engaged in a productive discussion with his Omani counterpart, Sayyid Hamad Al Busaidi during the 27th joint GCC-EU Ministerial Council meeting in Muscat, Oman.
The meeting focused on various aspects of bilateral cooperation between the two nations and explored opportunities for further collaboration across different fields.
Both officials specifically focused on the potential areas of cooperation such as trade, economic collaboration, renewable energy, and the production of green hydrogen gas. Their aim was to strengthen the ties between Hungary and Oman in these domains.
During the meeting, the two Ministers also exchanged their perspectives on current regional and international developments.
Furthermore, the two officials primarily concentrated on the production of renewable energy and the generation of green hydrogen.
Both countries expressed their commitment to enhancing their relationships and signed a memorandum of understanding in the field of low-carbon and renewable hydrogen.
Oman is actively pursuing its vision to become the world’s leading producer of green hydrogen gas and aims to export this resource globally.
The Sultanate of Oman has set ambitious targets for 2030 with plans to produce 1 million tonnes of green hydrogen per year. These targets increase to 3.75 million tonnes by 2040 and 8.5 million tonnes by 2025.
In the current year, Oman has already started significant projects of greenhouse gas production, including five hydrogen gas projects with a total investment of US$30 billion.
The meeting was attended by officials and senior diplomats from both countries, as well as notable figures such as Sheikh Ahmed bin Hashel al Maskari, Munter bin Mahfouz al Mandhari, the European Foreign Ministry Head & the Head of GCC & regional cooperation Heads.