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Oman Oil Company (OOC) is a commercial
company 100 % owned by the Government of the Sultanate of
Oman. The company was created in 1992 to give the
Government a vehicle for pursuing investment opportunities
in then energy sector both inside and outside Oman.
Through participation in energy and energy related
projects, OOC play’s a critical role in the Sultanate's
efforts to diversify the Omani economy and to generate
Omani and foreign private sector investment.
The Chairman of OOC is H.E. Maqbool Ali Sultan, the
Minister of Commerce and Industry and the Vice-Chairman is
H.E. Dr. Mohammed bin Hamed Al Rumhy, the Minister of Oil
and Gas. Mr. Ahmed Al-Wahaibi, the Chief Executive Officer
and Mr. Mulham Al-Jarf, the Deputy Chief Executive
Officer, lead a team of Business Development professionals
that includes experienced technical, financial and legal
professionals.
Within the Sultanate, OOC is focused on developing
partnerships with private sector companies to pursue the
development of gas-based industrial projects and other
downstream energy and energy related projects. Through
various projects, OOC plans on pursuing the future which
creates more jobs and private sector investment
opportunities directly from the projects themselves as
well as from the many ancillary projects that will be
needed to support these developments. Oman Oil Company’s
significant experience in developing energy related
projects in Oman and its position as a government owned
commercial company makes it an ideal partner for companies
looking to invest in the energy sector in Oman.
Outside Oman, OOC is actively pursuing commercial ventures
to provide an alternate source of revenue for the
Government of Oman. Currently, the company is involved in
upstream energy projects in Kazakhstan and Caspian Sea. As
is the case with projects in Oman, being a commercially
driven government-owned company makes it attractive
partner of companies pursuing energy projects in many
areas of the world.
For the future, OOC plans to continue to initiate and
develop quality investment opportunities both inside and
outside Oman that will help the Sultanate to build on the
tremendous achievements of the last thirty two years and
to realize its long-term objectives.
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