29 May 2012
MUSCAT -- More than 97 homes of low-income earners from Governorates of Musandam, Al Wusta, Al Buraimi, Al Dakhiliyah, Al Dhahira and Al Batinah are in line to receive significant maintenance upgrades and expansions following the agreement signed yesterday between the Oman Charitable Organisation (OCO) and Oman LNG, the country's premier liquefied natural gas producer and exporter.
As part of its commitment to social investment in the Sultanate, Oman LNG is contributing RO 500,000 to this initiative with the OCO. The partnership between OCO and Oman LNG began in 2003 and, to date, over 470 homes for low-income earning families have been built and many more refurbished and upgraded.
"Our relationship with the Oman Charitable Organisation is a long-standing one, built on our mutual determination to improve the housing conditions of low-income families.
"It complements our other investments in health, education and training which together provide a more robust and sustainable basis for further development in Oman and of its people", said Dr Brian Buckley, Oman LNG's Chief Executive Officer, after the signing ceremony at the Ministry of Legal Affairs.
Dr Abdullah bin Mohammed al Saeedi, Minister of Legal Affiars and Chairman of Oman Charitable Organisation, signed the agreement on behalf of the OCO.
OCO was established in 1996 as a public charity, has among its objectives, offering financing for social programmes for improving the general welfare of the people, and providing emergency relief in various circumstances such as fires, disasters or natural calamities.
OCO's charitable support is directed towards seven areas: alms and cash assistance; education assistance; health assistance; housing; food assistance; orphans; and relief programmes. Its housing programme provides support for both construction and maintenance.
Oman LNG's social development programmes are funded through the shareholders' commitment of 1.5 per cent of the company's annual net income after tax to supporting projects in healthcare, education, women's development, training-for-employment, environmental protection and culture and heritage.
The company is a joint venture with a shareholding structure comprising the Government of Oman (51 per cent), Shell Gas BV (30 per cent), Total SA (5.54 per cent), Korea LNG (5 per cent), Mitsubishi Corporation (2.77 per cent), Mitsui & Co (2.77 per cent), Patex (Oman) Corporation 2 per cent and Itochu (0.92 per cent ).
MUSCAT -- More than 97 homes of low-income earners from Governorates of Musandam, Al Wusta, Al Buraimi, Al Dakhiliyah, Al Dhahira and Al Batinah are in line to receive significant maintenance upgrades and expansions following the agreement signed yesterday between the Oman Charitable Organisation (OCO) and Oman LNG, the country's premier liquefied natural gas producer and exporter.
As part of its commitment to social investment in the Sultanate, Oman LNG is contributing RO 500,000 to this initiative with the OCO. The partnership between OCO and Oman LNG began in 2003 and, to date, over 470 homes for low-income earning families have been built and many more refurbished and upgraded.
"Our relationship with the Oman Charitable Organisation is a long-standing one, built on our mutual determination to improve the housing conditions of low-income families.
"It complements our other investments in health, education and training which together provide a more robust and sustainable basis for further development in Oman and of its people", said Dr Brian Buckley, Oman LNG's Chief Executive Officer, after the signing ceremony at the Ministry of Legal Affairs.
Dr Abdullah bin Mohammed al Saeedi, Minister of Legal Affiars and Chairman of Oman Charitable Organisation, signed the agreement on behalf of the OCO.
OCO was established in 1996 as a public charity, has among its objectives, offering financing for social programmes for improving the general welfare of the people, and providing emergency relief in various circumstances such as fires, disasters or natural calamities.
OCO's charitable support is directed towards seven areas: alms and cash assistance; education assistance; health assistance; housing; food assistance; orphans; and relief programmes. Its housing programme provides support for both construction and maintenance.
Oman LNG's social development programmes are funded through the shareholders' commitment of 1.5 per cent of the company's annual net income after tax to supporting projects in healthcare, education, women's development, training-for-employment, environmental protection and culture and heritage.
The company is a joint venture with a shareholding structure comprising the Government of Oman (51 per cent), Shell Gas BV (30 per cent), Total SA (5.54 per cent), Korea LNG (5 per cent), Mitsubishi Corporation (2.77 per cent), Mitsui & Co (2.77 per cent), Patex (Oman) Corporation 2 per cent and Itochu (0.92 per cent ).
© Oman Daily Observer 2012
