Wednesday 7 October 2015

Oman Oil to restructure, privatise units

State-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday. "With the new structure, the company will be focusing more on Duqm


Oman revives ditched refinery, petchem plans

Oman is reviving its plans to build a refinery and a petrochemical plant after the projects were shelved last year due to a slowdown in the global economy, a senior official said on Monday. Oman is a small producer, but its oil is used to


Oman Oil to buy stake in Hungarian firm

Hungarian oil firm MOL will sell 8 percent of its shares to Oman Oil Co (OOC) in a move analysts say will help it fight off a takeover approach. MOL will sell 8.77 million of its treasury shares to the government owned OOC at around 25,237

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