MUSCAT: Canada Business Holdings Inc (CBH), a Canadian project development and investment company, has announced plans to explore energy-related investment opportunities in the Sultanate of Oman.
Ottawa-based CBH said in a statement that its interest in Oman follows a decision to formally close its development file for a proposed petroleum refinery project in Tunisia for a period of ten years.
The proposed Skhira project in Tunisia envisaged the development of a modern refinery with a processing capacity of around 300,000 barrels per day, designed to produce cleaner petroleum products aligned with international fuel standards.
CBH said the decision to discontinue further advancement of the Tunisian refinery initiative followed an extended period of technical assessment, strategic planning and engagement with Tunisian stakeholders.
However, as part of its global energy investment strategy, CBH said it is now evaluating potential opportunities in Oman’s downstream energy, industrial and infrastructure sectors. The company noted that Oman’s strategic location, investment framework and growing role as a regional energy hub provide potential opportunities for commercially viable projects serving regional and international markets.
“CBH is actively assessing jurisdictions where government responsiveness, regulatory certainty and investment protection align with the requirements of major international projects,” CBH Chairman Moses Solomon said.
Any future CBH investment in Oman will remain subject to detailed technical, financial, regulatory, environmental and geopolitical assessments, as well as the identification of suitable technology, engineering and operating partners, the company stated.
Established in 2006, CBH specialises in public-private partnerships, infrastructure, energy, industrial development, logistics, healthcare and strategic real estate projects, working with governments and private-sector partners to develop large-scale projects internationally.
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