In addition to the oil and gas exploration and production, the company also invests in power generation, energy transportation and infrastructure, oil refining, and petrochemicals manufacturing. As a subsidiary of Oman Oil Company SAOC (OOC), OOCEP is driven by upstream investments in line with OOC’s strategy of pursuing local and international energy related investments. However, Oman is still planning to attract major international players. Some … Muscat, November 23rd 2014 The Business Opportunities Forum witnessed the signing of a group of subsidiaries and affiliates of Oman Oil Company (OOC) on 35 contracts with local Small and Medium Enterprises (SMEs) worth over 17 million Omani Riyals. “These steps modernize our operating and legal structure, making it more consistent with other companies that have subsidiaries operating around the globe,” said John J. Christmann IV, Apache’s Chief Executive Officer and President. The aviation business has the largest market share at Muscat International Airport and is geared up to cater for the proposed expansion over the next few years. Daraus entsprangen zahlreiche Tochtergesellschaften. [7][8][9][10], Oman Oil Marketing Companies shares are held by Oman Oil Company (OOC) (49%) and the company is operated under one of OOC's main subsidiaries, the Oman Oil Facilities Development Company (see OOC article for additional details). The company was created in 1992 to give the Government another vehicle for pursuing investment opportunities in the energy sector both inside and outside Oman. oman oil marketing company donates fuel card vouchers to medical volunteers fighting covid-19 September 27, 2020 OMAN OIL MARKETING COMPANY SIGNS WITH AL MADINA LOGISTICS FOR PRODUCT STORAGE AND MANAGEMENT The company's 211 retail service stations are owned and operated by Omanis and also offer car maintenance services, such as oil changes, car washes and other service packages. OQ ist ein staatliches omanisches Unternehmen im Bereich Energie, Mineralöl und Chemie. It has invested to over 50 projects across 15 countries. Oman Oil Company was established to pursue energy-related investments both locally and internationally Takamul was created by OOC to invest in developing local value added downstream projects 2. In 2018, OOMCO signed deals with the Muscat Municipality and with Hass Petroleum to supply fuel to the cities fleet of vehicles and to distribute lubricants in Kenya and other Eastern African markets. Cookie Policy. 3 A Subsidiary of Oman Oil Company SAOC. Bharat Oman Refineries became a subsidiary of BPCL in March this year when it converted warrants into shares taking the state-owned refiner's stake in the erstwhile equal joint venture to 63.38%. SOCFIN and her subsidiary Okomu Oil Palm Company PLC rights violations in Edo State Communities/Villages: An S.O.S. Finally, the lubricants operation markets the prestigious BP and Castrol brands of lubricants throughout the Sultanate. Now, the Socfin Group is the majority owner. TETHYS OIL OMAN LIMITED is located in Muscat, Oman and is part of the Oil & Gas Field Services Industry. [13][14] The company also operates 105 "Ahlain" convenience stores across the country, which include everyday products, restaurants and cafés. The activities of the company over the years have been caracterized by violations of citizens rights. TETHYS OIL OMAN LIMITED has 92 total employees across all of its locations and generates $12.94 million in sales (USD). Through participation in energy and related projects, OOC plays a role in the Sultanate’s efforts to diversify the Omani … [15][16] Another arm of business for OOMCO is the rental of business spaces within their service stations. Oman Oil had recently expressed interest to divest its stake in Bharat Oman Refineries. In addition and to further provide new avenues for companies looking to establish a foothold in the oil & gas and energy sectors, … PRESS RELEASE Rex’s subsidiary achieves successful oil flow from Yumna 1 well in Oman SINGAPORE, 17 February 2020 – Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a technology-driven oil company, is pleased to refer to the 17 February 2020 press release issued by its 86.37 per cent Name of the Company: Key Contact Person: Address: Contact Nos. MUSCAT: Oman Oil Company, the state investment arm of the non-OPEC producer, signed an agreement to buy 30 percent of a subsidiary … 1. Get the latest business insights from Dun & Bradstreet. The Board of Directors of PEC Ltd. (the " Company ") wishes to announce that through its subsidiaries, PEC International Investments Pte Ltd (" PECII ") and Audex Pte Ltd (" APL ") has incorporated a wholly owned subsidiary, PEC International LLC (" PECI ") on 29 November 2020 in Oman. Trans Atlantic Group’s array of growth in Oil & Gas contracting business has much significance to have a sustainable vendor relationship established with Saudi-ARAMCO and its major contractors. The Company has entered into a ‘TrademarkLicense Agreement’with the parent company dated 22 September 2003, for the right to use the trademark ‘Oman Oil’, in exchange for an annual fee of 0.09% of all fuel sales. Oman Oil Marketing Company showcases its expanding marine fuels and solutions business at Middle East Bunkering Convention 2021. [6], The Chairman of the Board of directors is Mulham Al Jarf and vice-chair is Sayadah Rawan Ahmed Al Saidand. Marktanalyse - Oman Oil Company S.A.O.C. Oman Oil Company chemicals subsidiary to invest in Duqm 10 December 2018 By Indrajit Sen. Firm to set up petrochemicals plant close to upcoming Duqm Refinery. It is wholly owned by the Government of Oman. [18][19] The company has also began including solar-systems into some of their service stations since 2018. EX-21.1 19 dex211.htm LIST OF SIGNIFICANT SUBSIDIARIES Exhibit 21.1 . They also launched an initiative, called "Solar", in partnership with Nafath Renewable Energy. The Okomu Oil Palm Company Plc was established in 1976 as a federal government project and was privatized in 1979. 20 Sep 2017 . These consolidated financial statements comprise the Parent company and its subsidiaries … Other shareholders include Oman Cement Company, BankMuscat and Dhofar International Development and Investment Holding Company. Oman Oil Company's (OOC) majority-owned subsidiary Musandam Power Company (MPC) signed the EPC contract with Wartsila Muscat for a new dual fuel fired Power Plant in Tibat-Wilayat Bukha at Musandam Governorate. There are 9 companies in the TETHYS OIL OMAN … OOMCO is involved in the marketing and distribution of fuel and lubricant products and operates in the sectors of Fuel Retailing, Direct fuel sales to Government and the Commercial sector, Lubricants, Aviation Refueling and Storage and Distribution. [12], The retail business operates all across the Sultanate.