In Country Value

At OQEP, In-Country Value is a core corporate KPI embedded in our procurement process, advancing Oman’s Vision 2040 by supporting national goals for localization and diversification. In collaboration with MEM, OIA, and OPAL, we continue to enhance our ICV tools, reporting, and frameworks to sustain and expand ICV impact across the Sultanate’s economy.

WHAT IS C7?

(C7) is a contractual clause used in the oil and gas sector in the Sultanate of Oman to integrate In-Country Value (ICV) obligations into contracts. It mandates that contractors commit to and achieve measurable ICV outcomes, such as Omanization, local procurement, the engagement of Small and Medium Enterprises (SMEs), and supplier development. It establishes clear targets, reporting requirements, and compliance standards throughout the duration of the contract, in alignment with the framework issued by the Ministry of Energy and Minerals.

Contractor Contribution to ICV

ICV Plan Submission

Bidders shall provide a detailed ICV Plan covering all applicable ICV elements as a part of their tender package.

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SME Participation

Wherever applicable Specific scopes to be allocated to Riyada-certified SMEs using the national e-tendering platform through (Business Gateway).
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Omanisation

Suppliers shall meet or exceed the defined Omanization targets in their contracts and comply with all relevant government mandates including but not limited to the Omanized Jobs List, Isteefa certification.
​ Omanized Jobs - Click to download.

Monitoring & Reporting via MARS​

Suppliers shall submit quarterly ICV performance reports through the Monitoring and Reporting System (MARS).
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Local Sourcing​

Preference is given to Made-in-Oman products
and services, and mandatory lists apply. ​
​ Goods and services Mandatory List - Click to download

Verification & Audit​

OQEP reserves the right to​ audit ICV records and
enforce corrective measures for non-compliance.​
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