JSRS Newsletter – April 2023
Browse through the March Highlights.
The JSRS Newsletter brings you exciting news from all Sectors, insights from Industry leaders, updates on the JSRS, In-Country Value (ICV), happening procurement projects and information on upcoming Events. Scroll down to read last month’s highlights
JSRS Happenings
Welcoming new entrants on the JSRS
The Joint Supplier Registration System (JSRS) is quickly becoming a National Procurement Initiative in Oman, a primary sourcing base of Oman’s Oil & Gas and other major Industries’ procurement system. With our community growing every month, we are shedding light on the new entrants who have recently joined JSRS.
JSRS Certified Supplier Network (JSRS CSN)
March ’23 saw over 170+ Suppliers certified on JSRS from Oman and around the world. Here is a pie-chart that offers a Sector-wise breakdown of the Certified Suppliers this month. Congratulations to the companies who have recently joined the JSRS Certified Suppliers Network (JSRS CSN). Engage with JSRS CSNJSRS Search Statistics
The JSRS Certified Suppliers Network (JSRS CSN) consists of thousands of potential Clients, Suppliers and Partners who could be looking at your company for business opportunities, partnerships, etc. During March ’23, over 5900+ searches were made for Products and Services on the JSRS. Here is a look at the top five Products/Services searches made by the JSRS Buyers Community and the JSRS CSN.
Local Community Contractors
The ‘Local Community Contractor’ (LCC) Special Status is for companies operating within the concession areas of certain Operators. LCCs who meet specific criteria, as defined by these Operators, are identified on the JSRS Certificate as ‘Special Status’ LCC. Companies with the LCC Special Status benefit from priority procurement opportunities from respective Operators. Omani Suppliers who qualify to be Local Community Contractors (LCCs) can apply for the LCC Special Status in their JSRS Certificate. LCC Special Status approval on the Certificate is currently endorsed by Petroleum Development of Oman (PDO), Duqm Refinery – OQ and CC Energy Development (CCED). JSRS Identifies and Certifies the LCC Suppliers and facilitate them with a secured tendering system for the main Contractors to float their LCC Obligated Opportunities to credible LCC Suppliers. Operators are empowered with a JSRS- CMS track and monitoring system for the ICV spend within various Supplier Communities like LCCs and SMEs
Enabling ICV through SME / LCC Obligation Based Contract Opportunities
The JSRS Contracts Management System (JSRS-CMS), is a special initiative by the Oman Ministry of Energy and Minerals, to offer Equal Opportunities to Omani SMEs / LCCs, during the process of dispersing ICV based Obligation Contract Awards. The JSRS-CMS is a one-stop platform integrating Supplier Sourcing, Response, Award & Tracking of the entire Project’s / Contract’s Supply Chain.
JSRS Buyers Community Happenings
Current Projects & News related to Operators & Buyers on JSRS
OIA to sell its majority stake in Oman Cement to China-based Huaxin
The Oman Investment Authority (OIA) announced that it has started the process for exiting investment in Oman Cement Company. OIA, which owns a majority stake in Oman Cement, will sell its entire stake to China-based Huaxin Cement Company. Read More
Wakud to supply biodiesel to ARA Petroleum
ARA Petroleum E&P (ARA) has signed a collaboration agreement with Wakud International which will supply biodiesel for its operations in Oman. Read More
Oman Business Happenings
Current Projects on the Market
Browse through the various upcoming projects and tenders that are being floated by JSRS Buyers Community, EPCs and Contractors. Explore News Snippets
Operator Press Releases
Release date: 2 March 2023
Read more
Release date: 14 March 2023
Read more
ICV (In-Country Value) Speak
Explore Current ICV-related Market News
Oman offers 3 hydrocarbon blocks for investment
The Sultanate of Oman is offering three oil and gas concession areas, Blocks 15, 36 and 54, for investments by local and international local companies. The offering is open between March 26 and June 25. Read MoreUAE’s Etihad Rail calls for construction bids on USD 3 Billion mega railway project to Oman
Oman and the Etihad Rail Company have invited prequalification bids from specialised companies to undertake civil works for the railway network connecting Oman and the UAE. This move aims to expand the role of the private sector in the logistics sector in Oman, in addition to maximising the National In-Country Value Program (ICV). Read More
Past Events in March
12 – 16 March 2023: Oman Sustainability Week
ICV Partner : businessgateways
27 – 29 March 2023: INDIASOFT 2023
Happenings @ bidproc
Successful Events on bidproc
bidproc has successfully supported Daleel Petroleum and Oman Oil Marketing Company SAOG (OOMCO) in the disposal of their assets through the eAuction Methodology.businessgateways would like to thank both the companies for the opportunity given.
Invitation to participate in Event on bidproc
eTender ID 27: Disposal of the Vantage Mail Sorting
Al Qahtani Auction Company (SQC) LLC is disposing Vantage Mail Sorting system, at Al Qahtani Auction Company Square (Dammam), Saudi Arabia, through Sealed Bid eTender methodology. Assets disposed are on an ‘as is where is’ basis. Click here to view eTender details
Happenings @ businessgateways
Here’s a look at what we have planned for the coming month
JSRS Certified Suppliers Network – Support Session
This in-person classroom sessions are exclusively for Certified Suppliers who want to learn more about the opportunities available to the JSRS CSN. Please note: Only 2 individuals per company are permitted to attend the session.
Login to book your seats
Advertise on the JSRS Newsletter
Interested in showcasing your organization on the JSRS Newsletter?
With over 25,000+ monthly recipients, the JSRS Newsletter offers a wonderful opportunity for organizations, such as yours, to directly promote your Product or Service to key audiences.
Meet our Champions at businessgateways
In this section, we are bringing our staff to the spotlight, highlighting their roles and how they have helped in bringing businessgateways to where it stands today. This month we would like to introduce you to:
Wasim Rahman
Team Lead, IT Department
Business Gateways International
www.businessgateways.com
Here is what JSRS Suppliers say
“We are quite satisfied with JSRS regarding ease of access for petrochemical companies supply chain in Oman. This platform offers maximum exposure for suppliers thus offering equal opportunities to all parties involved.”
NICKEL ALLOY METALS & MACHINERY WLL (BAHRAIN)
Anis Kumar (Sales & Marketing)
