Wholly Omani-government-owned Energy Development Oman (EDO) has signed a memorandum of understanding (MoU) with China’s Jiangsu Changbao Steel Tube Limited Co. for the construction of an oil country tubular goods (OCTG) manufacturing facility in Oman.

EDO said the partnership is key to its strategy of achieving sustainable economic growth through effective collaboration, enhancing local capabilities, and supporting national industrial development. The company believed this would attract strategic investments, strengthen local talent, and promote economic diversification in line with Oman Vision 2040.

The agreement with Jiangsu Changbao Steel Tube is EDO's second partnership with a global OCTG manufacturer this year, showing Oman's sizable local production of OCTG hardware in Oman.