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 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
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