649:
635:
377:(MoU) to study the possibility of building a petrochemical project in the Duqm Free Zone. OQ and TotalEnergies formed Marsa LNG, an integrated energy company, in December 2021, which began producing LNG from Block 10 in January 2023 with a 33.19% interest. Shell also signed a concession agreement to operate 53.45% of Block 10.
342:
In
January 2021, Group CEO of OQ, Musub al Mahrouqi submitted his resignation which would be effective as of March that year. In response, the Board of Directors appointed the position of GCEO to Talal bin Hamid al Awfi to take over the responsibilities starting immediately. Head of Procurement at OQ
333:
In August 2020, OQ and the
Ministry of Heritage and Tourism collaborated to announce the opening of a tourist centre at the archaeological site in the Wilayat of Al Dibba. The OQ also signed a Memorandum of Cooperation (MoC) with the Minister of Education and Jusoor Foundation to manage and run the
614:
OQ's n/iso butyl acetate is used in different applications such as automotive, aerospace, concrete and wood finishes, or as nail polish in cosmetics. Another product, TMP, is used for alkyd and polyester coatings resins and for UV curable alkyd resins, while NPG is used in the production of powder
368:
In
December 2021, Liwa Plastics Industries Complex (LPIC) project in Sohar was inaugurated. The work on the project started in May 2020. With two polyethylene facilities, it has the capacity to produce 880,000 tonnes of linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE)
312:
Orpic Group merged with Oman Oil
Company in 2019, and the combined business was given the moniker OQ. Some people believe that OQ is an acronym for "Oman Qaboos" and some believe it is acronym for "Oman" & "Quality", however one cannot find any details about initials "OQ" from their official
279:
In 2017, a joint venture between Kuwait
Petroleum International and OQ was announced for the development of Duqm Refinery & Petrochemical Complex. In the same year, OQ's subsidiary, Oman Tank Terminal Company (OTTCO), began construction of a crude oil storage terminal near Raz Markaz.
361:
In
September 2021, an announcement was made that OQ was considering sale of its German subsidiary, Oxea, a chemicals business, for about $ 3 billion. OQ Chemicals has two manufacturing sites in Germany that make a range of oxo intermediates and derivatives.
230:
In 2010, the
Programme Apple was initiated which aimed to integrate Oman Refineries and Petrochemicals Company, Oman Polypropylene Co., and Aromatics Oman Ltd. In the same year, Oman Oil Company signed a joint-venture with JBF Industries to erect a
319:
In
January 2020, the State Budget allocated funds to assist OQ Subsidiary, Oman Tank Terminal Company (OTTCO), with the Ras Markaz crude oil storage terminal that would become an international storage hub and strategically locate Oman in the
1689:
582:
OQ provides flexible packaging for transportation, retail spaces, and for consumers' cupboards. Some other consumer-facing industry sectors, include cosmetics, electronics, pharmaceuticals, and sporting goods.
927:
1593:
2135:
1374:
188:
OQ is involved in sectors such as infrastructure and transportation for energy, oil refining, petrochemical production, oil marketing, and power generating. It operates in 17 countries.
383:
In July 2022, OQ signed an agreement with the
Ministry of Higher Education, Research, and Innovation to fund the construction of vocational colleges with an allocation of OMR 200,000.
1510:
708:
1854:
1485:
1324:
390:
in
September 2022. Shell has a 67.5% stake, OQ 10% and TotalEnergies 22.5%. The companies have previously signed a similar agreement for neighbouring Block 10.
380:
In May 2022, Trend Micro and OQ inked a Memorandum of Understanding (MOU), under which Trend Micro would secure OQ's digital infrastructure from cyber threats.
1612:
598:(R&D) of different products. OQ is utilizing its research to develop infrastructure in sectors such as geosynthetics, pipes system, tanks and fittings.
327:
Production increases were planned for OQC in Germany for 2021. The OQ announced in May 2020 the intention to add 30% total production for the coming year.
365:
In October 2021, OQ, Marubeni Corporation, Linde, and Dutco decided to explore the possibility of producing green ammonia and green hydrogen in Salalah.
1758:
1553:
416:. OQ is expected to supply 0.8 million tonnes per year of LNG to Shell for 10 years from 2025 and 0.75 million tonnes per year for 4 years from 2026.
1828:
2150:
1903:
1036:
324:. Funds were also placed from the budget into the Liwa Plastic Industries Complex, a OQ investment. In May 2020, the commissioning phase commenced.
839:
2145:
1740:
2140:
1388:
1202:
1276:
1010:
857:
984:
330:
In June 2020, Oxea was fully integrated into a group of eight other companies to create OQ, after the full process had begun in 2018.
1574:
1349:
1226:
1106:
785:
494:
The companies international assets are under direct control of the OOC, which has an international investment unit. These include:
1088:
2155:
224:
Oman Refineries and Petrochemicals Co. was created in 2007 with the merger of Oman Refinery Company and Sohar Refinery Company.
27:
1713:
1461:
682:
1412:
513:
1124:
966:
732:
501:
355:
37:
883:
1878:
952:
374:
1536:"Marubeni Signs Joint Development Agreement for Green Hydrogen & Green Ammonia Production Infrastructure in Oman"
1636:
1436:
1174:
251:
386:
A contract for the exploration and development of natural gas resources in Block 11 was signed by OQ, Shell and
595:
1808:
586:
OQ provides rigid packing products for food, consumer goods, houseware, electronics and industrial packaging.
1784:
1955:
810:
246:
In 2013, OQ acquired a German-based company, OXEA. OOC signed an exploration and production agreement with
1664:
1062:
1721:
1375:"OQ, office of minister of state and governor of Musandam ink MoC to finance social investment projects"
453:
299:
2059:
2095:
2041:
316:
In 2019, Oman Gas Company was incorporated into the OQ brand and was renamed OQ Gas Networks (OQGN).
292:
47:
2020:
406:
424:
The OQ is invested into different main sectors through its network of subsidiaries. These include
182:
170:
140:
72:
1981:
901:
232:
309:
began the same year, as did the groundwork for the Salalah LPG and Salalah Ammonia Projects.
555:
402:
351:
623:
OQ produces biocidal alcohols which are used in hand sanitizers and as a specialty amines.
2077:
1690:"Shell, other partners to develop gas from Oman's Saih Rawl field with startup in 2 years"
571:
559:
474:
264:
to invest into various projects over the coming years. In the following year OOC signed a
2002:
789:
662:
298:
In November 2018, OOC announced that the company will be merged with refining company
2129:
654:
606:
OQ provides carboxylic acids, polyols, synthetic polyol ester base oils, and amines.
507:
425:
387:
347:
306:
1511:"BPCL takes control of Bina Refinery; buys out Omani company's stake at â‚ą27 a share"
1300:
321:
83:
1759:"Oman Inks Deal With Shell, OQ, And TotalEnergies For Gas Exploration In Block 11"
1251:
1725:
767:
1389:"OQ, ministry sign pact to manage, operate Liwa Science & Innovation Centre"
709:"Saudi Aramco's trading arm signs agreement with Oman's OQ on new opportunities"
640:
398:
283:
In 2018, Oman Oil Company sold 10% of its 40% stake in the Khazzan gas field to
615:
coatings for architectural, automotive, appliances, lawn and garden equipment.
1855:"Oman's Hydrom signs agreements worth $ 10bn to develop green hydrogen plants"
630:
265:
1575:"Oman to inaugurate $ 7bn Liwa Plastics project next week | Argus Media"
858:"BP and Oman Agree to Jointly Develop a Gas Field, With Bigger Goals in Mind"
210:
A separate company for gas, named Oman Gas Company, was established in 2000.
648:
567:
563:
413:
1930:
1594:"Saudi Arabia's SABIC, Oman's OQ to explore petrochemical project in Duqm"
1089:"Oman to merge oil, petrochemical firms under OQ brand | Argus Media"
429:
288:
284:
257:
In 2014, construction of the Sohar Refinery Improvement Project started.
221:
Oman Trading International, a trading division, was established in 2006.
243:
Following the initial phase of integration, Orpic was founded in 2011.
191:
As of June 2022, OQ produces more than 218,000 barrels of oil per day.
302:, which had been created in 2011 to operate Oman's downstream assets.
1613:"Shell starts gas production from prolific Middle East onshore asset"
1462:"Major oil, gas companies join efforts to boost level of Omanisation"
1350:"Middle East petrochemical consolidations pick up pace | Argus Media"
437:
401:
for the engineering of 150 square metres and the construction of the
207:
In 1996, Oman Oil Company was established by the Government of Oman.
174:
1535:
305:
The NAKHLA programme was initiated in 2018. The construction of the
227:
In 2009, Oman Oil Company Exploration & Production was founded.
902:"UPDATE 1-Oman oil company PDO raises $ 4 bln of project financing"
26:
1011:"Malaysia's Petronas Set to Buy 10% Stake in Giant Oman Gas Field"
433:
370:
269:
1829:"Oman's Hydrom inks two agreements for green hydrogen production"
1809:"Hydrom awards $ 10bn contracts to develop new hydrogen projects"
967:"Ras Markaz Crude Oil Storage Terminal - Hydrocarbons Technology"
1203:"$ 25bln worth strategic projects to fuel Omans economic growth"
1150:
394:
261:
178:
89:
1486:"Privatisation-bound BPCL acquires OQ's stake in Bina refinery"
884:"Sohar Refinery Improvement Project - Hydrocarbons Technology"
273:
2021:"Rigid Packaging & Durables Material Solutions | OQ"
1277:"Oman-owned chemicals giant eyes new capacity growth in 2021"
1037:"Oman signs exploration agreements with Occidental Petroleum"
498:
OQ Chemicals (formerly OXEA, as of May 2020) — Germany (100%)
1904:"Oman LNG signs pacts to supply LNG to Shell and OQ Trading"
1665:"Oman plans to award oil and gas blocks to boost production"
1227:"Oman steps up plan for Middle East's biggest oil-tank farm"
218:
In 2003, Oman Oil Marketing Company (Oman Oil) was founded.
1554:"Oman's OQ to unveil the $ 7bn LPIC project on December 20"
1252:"Oman's $ 6.7bn petchem project enters commissioning phase"
528:
Planta de Regasification de Sagunto (Saggas) – Spain (7.5%)
247:
1413:"Oman State Oil Firm OQ Names Talal Al Awfi as Acting CEO"
840:"Oman Considers Sale of $ 3 Billion German Chemicals Unit"
683:"OQ posts $ 777mn profit for H1, revenues surge to $ 10bn"
554:
Feed, food and agriculture division, covers areas such as
540:
Compañia LogĂstica de Hidrocaburos S.A (CLH) – Spain (10%)
985:"Crude Prices Lose Steam on Rising Stocks—Energy Journal"
1107:"Salalah Liquefied Petroleum Gas Project, Dhofar, Oman"
534:
GS Electric Power Solution (GS EPS) – South Korea (30%)
443:
OQ Company runs operations via four main subsidiaries:
1714:"Trend Micro reinforces strategic partnership with OQ"
953:"Duqm Refinery and Petrochemicals Project - NS Energy"
525:
Orient Power Company Limited (OPCL) – Pakistan (42.8%)
1785:"Oman signs exploration deal with Shell for Block 11"
412:
In August 2023, OQ signed LNG supply agreements with
204:
OQ was founded as the Oman Refinery Company in 1982.
2136:
Non-renewable resource companies established in 1982
2118:
454:
Oman Oil Refineries and Petroleum Industries Company
146:
136:
110:
96:
78:
68:
53:
43:
33:
1741:"OQ and Ministry of Education sign two agreements"
1301:"OQ completes integration of international assets"
733:"OQ Group produces 218,000 barrels per day of oil"
2003:"Flexible Packaging Material Solutions | OQ"
1125:"Hopes Dashed For a Middle East Markets Bonanza"
151:
1879:"Oman LNG pens LNG supply deals with Shell, OQ"
1325:"Oman's oil and gas sector after Sultan Qaboos"
834:
832:
2060:"Lubricants & Functional Fluids | OQ"
2096:"Pharmaceutical & Medical Care | OQ"
2042:"Infrastructure & Construction | OQ"
1637:"TotalEnergies, Oman's OQ set up LNG company"
487:Oman Oil Facilities Development Company L.L.C
350:in March 2021, eventually giving its partner
8:
519:Oman Trading International (OTI) – UAE (70%)
19:
484:Oman Oil Company Exploration and Production
291:and signed two concessions/agreements with
1925:
1923:
1175:"OQGN launches its new corporate identity"
531:Qingdao Lidong Chemical Ltd. – China (30%)
465:Innovation Development Oman Holding (IDO)
397:and Hydrom for the project development of
393:In June 2023, OQ signed an agreement with
25:
18:
1617:Upstream Online | Latest oil and gas news
468:Vale Oman Pelletizing Company (Vale Oman)
181:. It is a wholly owned subsidiary of the
2036:
2034:
1982:"Feed, Food & Agriculture | OQ"
1569:
1567:
522:Gulf Energy Maritime (GEM) – UAE (30.4%)
405:and downstream sites required for green
1997:
1995:
762:
760:
758:
756:
754:
752:
750:
748:
746:
674:
185:through the Oman Investment Authority.
104:Said Abdallah Al Hatmi (Vice Chairman)
537:Qingdao Lixing Logistics – China (30%)
1658:
1656:
1196:
1194:
768:"Our Journey & History | OQ"
7:
334:Liwa Science and Innovation Center.
788:. Zawya. 2004-08-30. Archived from
447:Takamul Investment Company S.A.O.C
260:In 2016, OOC secured a $ 4 billion
1783:Devarasetti, Hasini (2022-09-16).
1063:"Oman Oil Company, Orpic to merge"
811:"Oman Oil Sign Joint Venture Pact"
450:Oman India Fertilizer Co. (OMIFCO)
14:
2078:"Paints & Coatings | OQ"
1931:"Takamul Investment Company SAOC"
1592:Saadi, Dania (December 8, 2021).
352:Bharat Petroleum Corporation Ltd.
102:Mulham Basheer Al Jarf (Chairman)
647:
633:
602:Lubricants and functional fluids
462:Minerals Development Oman (MDO)
250:in 2013, to further develop the
2151:Companies based in Muscat, Oman
1437:"OQ names new Acting Group CEO"
1111:www.hydrocarbons-technology.com
971:www.hydrocarbons-technology.com
888:www.hydrocarbons-technology.com
786:"Oman Oil Company Appoints CEO"
619:Pharmaceutical and medical care
590:Infrastructure and construction
490:Oman Oil Duqm Development L.L.C
2146:National oil and gas companies
1902:Kindi, Hibba al (2023-08-31).
1:
2141:Oil and gas companies of Oman
707:Rahman, Fareed (2021-12-07).
1663:Rani, Archana (2022-03-01).
1611:Ugal, Nishant (2023-01-20).
578:Flexible and rigid packaging
1688:Saadi, Dania (2021-12-21).
550:Feed, food, and agriculture
514:Redes Energéticas Nacionais
375:Memorandum of Understanding
371:Saudi Basic Industries Corp
2172:
1853:Benny, John (2023-06-22).
459:Salalah Methanol Co. (SMC)
409:and green ammonia plants.
1329:Oil & Gas Middle East
252:Khazzan-Makarem gas field
106:Talal Al Awfi (Group CEO)
24:
596:research and development
502:Blackrock Metals Company
373:(SABIC) and OQ signed a
2156:Companies in the MSM 30
1960:The Wall Street Journal
1883:www.naturalgasworld.com
1641:www.naturalgasworld.com
1129:The Wall Street Journal
1015:The Wall Street Journal
989:The Wall Street Journal
354:(BPCL) full control of
570:and its handling, and
516:(REN) – Portugal (15%)
268:of understanding with
1956:"China Gas Flares Up"
1417:news.bloomberglaw.com
346:OQ sold its stake in
1581:. December 12, 2021.
1466:businessgateways.com
1095:. December 18, 2019.
1067:The Oil and Gas Year
846:. 22 September 2021.
343:is Ahmed Al Azkawi.
293:Occidental Petroleum
165:, formerly known as
16:Omani energy company
1789:Offshore Technology
1669:Offshore Technology
1305:www.tradearabia.com
1256:www.tradearabia.com
1131:. December 16, 2018
1069:. November 19, 2018
1043:. December 16, 2018
864:. December 16, 2013
610:Paints and coatings
407:hydrogen production
21:
1579:www.argusmedia.com
1354:www.argusmedia.com
1093:www.argusmedia.com
1017:. October 28, 2018
991:. October 19, 2018
932:The New York Times
817:. February 1, 2010
183:Government of Oman
171:investment company
141:Government of Oman
73:Government of Oman
1962:. January 5, 2012
1558:Polymerupdate.com
1490:Business Standard
233:Terephthalic acid
173:headquartered in
160:
159:
2163:
2122:
2121:
2119:Official website
2104:
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2017:
2011:
2010:
1999:
1990:
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1978:
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1945:
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1935:Oman Oil Company
1927:
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1739:Release, Press.
1736:
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1710:
1704:
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1701:
1700:
1694:www.spglobal.com
1685:
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1598:www.spglobal.com
1589:
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1540:www.marubeni.com
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1288:
1287:
1275:Prabhu, Conrad.
1272:
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1262:
1248:
1242:
1241:
1239:
1238:
1223:
1217:
1216:
1214:
1213:
1201:Prabhu, Conrad.
1198:
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719:
704:
698:
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695:
694:
679:
657:
652:
651:
643:
638:
637:
636:
594:OQ is active in
556:animal nutrition
403:renewable energy
167:Oman Oil Company
156:
153:
129:refined products
64:
62:
38:Government-owned
29:
22:
2171:
2170:
2166:
2165:
2164:
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2161:
2160:
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1720:. 31 May 2022.
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908:. June 29, 2016
900:
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634:
632:
629:
621:
612:
604:
592:
580:
572:human nutrition
560:crop protection
552:
547:
504:– Canada (2.8%)
475:Sohar Aluminium
432:and marketing,
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