660:
646:
388:(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.
353:
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
344:
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
625:
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
379:
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)
323:
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
290:
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.
372:
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.
241:
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
330:
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
1700:
593:
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.
938:
1604:
2146:
1385:
199:
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.
394:
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.
1521:
719:
1865:
1496:
1335:
401:
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.
391:
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.
1623:
609:(R&D) of different products. OQ is utilizing its research to develop infrastructure in sectors such as geosynthetics, pipes system, tanks and fittings.
338:
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.
376:
In October 2021, OQ, Marubeni Corporation, Linde, and Dutco decided to explore the possibility of producing green ammonia and green hydrogen in Salalah.
1769:
1564:
427:. 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.
1839:
2161:
1914:
1047:
335:. Funds were also placed from the budget into the Liwa Plastic Industries Complex, a OQ investment. In May 2020, the commissioning phase commenced.
850:
2156:
1751:
2151:
1399:
1213:
1287:
1021:
868:
995:
341:
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.
1585:
1360:
1237:
1117:
796:
505:
The companies international assets are under direct control of the OOC, which has an international investment unit. These include:
1099:
2166:
235:
Oman Refineries and Petrochemicals Co. was created in 2007 with the merger of Oman Refinery Company and Sohar Refinery Company.
38:
1724:
1472:
693:
1423:
524:
1135:
977:
743:
512:
366:
48:
894:
1889:
963:
385:
1547:"Marubeni Signs Joint Development Agreement for Green Hydrogen & Green Ammonia Production Infrastructure in Oman"
1647:
1447:
1185:
262:
397:
A contract for the exploration and development of natural gas resources in Block 11 was signed by OQ, Shell and
606:
1819:
597:
OQ provides rigid packing products for food, consumer goods, houseware, electronics and industrial packaging.
1795:
1966:
821:
257:
In 2013, OQ acquired a German-based company, OXEA. OOC signed an exploration and production agreement with
1675:
1073:
1732:
1386:"OQ, office of minister of state and governor of Musandam ink MoC to finance social investment projects"
464:
310:
2070:
2106:
2052:
327:
In 2019, Oman Gas Company was incorporated into the OQ brand and was renamed OQ Gas Networks (OQGN).
303:
58:
2031:
417:
435:
The OQ is invested into different main sectors through its network of subsidiaries. These include
193:
181:
151:
83:
1992:
912:
243:
320:
began the same year, as did the groundwork for the Salalah LPG and Salalah Ammonia Projects.
566:
413:
362:
634:
OQ produces biocidal alcohols which are used in hand sanitizers and as a specialty amines.
2088:
1701:"Shell, other partners to develop gas from Oman's Saih Rawl field with startup in 2 years"
582:
570:
485:
275:
to invest into various projects over the coming years. In the following year OOC signed a
2013:
800:
673:
309:
In November 2018, OOC announced that the company will be merged with refining company
2140:
665:
617:
OQ provides carboxylic acids, polyols, synthetic polyol ester base oils, and amines.
518:
436:
398:
358:
317:
17:
1522:"BPCL takes control of Bina Refinery; buys out Omani company's stake at â‚ą27 a share"
1311:
332:
94:
1770:"Oman Inks Deal With Shell, OQ, And TotalEnergies For Gas Exploration In Block 11"
1262:
1736:
778:
1400:"OQ, ministry sign pact to manage, operate Liwa Science & Innovation Centre"
720:"Saudi Aramco's trading arm signs agreement with Oman's OQ on new opportunities"
651:
409:
294:
In 2018, Oman Oil Company sold 10% of its 40% stake in the Khazzan gas field to
626:
coatings for architectural, automotive, appliances, lawn and garden equipment.
1866:"Oman's Hydrom signs agreements worth $ 10bn to develop green hydrogen plants"
641:
276:
1586:"Oman to inaugurate $ 7bn Liwa Plastics project next week | Argus Media"
869:"BP and Oman Agree to Jointly Develop a Gas Field, With Bigger Goals in Mind"
221:
A separate company for gas, named Oman Gas Company, was established in 2000.
659:
578:
574:
424:
1941:
1605:"Saudi Arabia's SABIC, Oman's OQ to explore petrochemical project in Duqm"
1100:"Oman to merge oil, petrochemical firms under OQ brand | Argus Media"
440:
299:
295:
268:
In 2014, construction of the Sohar Refinery Improvement Project started.
232:
Oman Trading International, a trading division, was established in 2006.
254:
Following the initial phase of integration, Orpic was founded in 2011.
202:
As of June 2022, OQ produces more than 218,000 barrels of oil per day.
313:, which had been created in 2011 to operate Oman's downstream assets.
1624:"Shell starts gas production from prolific Middle East onshore asset"
1473:"Major oil, gas companies join efforts to boost level of Omanisation"
1361:"Middle East petrochemical consolidations pick up pace | Argus Media"
448:
412:
for the engineering of 150 square metres and the construction of the
218:
In 1996, Oman Oil Company was established by the Government of Oman.
185:
1546:
316:
The NAKHLA programme was initiated in 2018. The construction of the
238:
In 2009, Oman Oil Company Exploration & Production was founded.
913:"UPDATE 1-Oman oil company PDO raises $ 4 bln of project financing"
37:
1022:"Malaysia's Petronas Set to Buy 10% Stake in Giant Oman Gas Field"
444:
381:
280:
1840:"Oman's Hydrom inks two agreements for green hydrogen production"
1820:"Hydrom awards $ 10bn contracts to develop new hydrogen projects"
978:"Ras Markaz Crude Oil Storage Terminal - Hydrocarbons Technology"
1214:"$ 25bln worth strategic projects to fuel Omans economic growth"
1161:
405:
272:
189:
100:
1497:"Privatisation-bound BPCL acquires OQ's stake in Bina refinery"
895:"Sohar Refinery Improvement Project - Hydrocarbons Technology"
284:
2032:"Rigid Packaging & Durables Material Solutions | OQ"
1288:"Oman-owned chemicals giant eyes new capacity growth in 2021"
1048:"Oman signs exploration agreements with Occidental Petroleum"
509:
OQ Chemicals (formerly OXEA, as of May 2020) — Germany (100%)
1915:"Oman LNG signs pacts to supply LNG to Shell and OQ Trading"
1676:"Oman plans to award oil and gas blocks to boost production"
1238:"Oman steps up plan for Middle East's biggest oil-tank farm"
229:
In 2003, Oman Oil Marketing Company (Oman Oil) was founded.
1565:"Oman's OQ to unveil the $ 7bn LPIC project on December 20"
1263:"Oman's $ 6.7bn petchem project enters commissioning phase"
539:
Planta de Regasification de Sagunto (Saggas) – Spain (7.5%)
258:
1424:"Oman State Oil Firm OQ Names Talal Al Awfi as Acting CEO"
851:"Oman Considers Sale of $ 3 Billion German Chemicals Unit"
694:"OQ posts $ 777mn profit for H1, revenues surge to $ 10bn"
565:
Feed, food and agriculture division, covers areas such as
551:
Compañia LogĂstica de Hidrocaburos S.A (CLH) – Spain (10%)
996:"Crude Prices Lose Steam on Rising Stocks—Energy Journal"
1118:"Salalah Liquefied Petroleum Gas Project, Dhofar, Oman"
545:
GS Electric Power Solution (GS EPS) – South Korea (30%)
454:
OQ Company runs operations via four main subsidiaries:
1725:"Trend Micro reinforces strategic partnership with OQ"
964:"Duqm Refinery and Petrochemicals Project - NS Energy"
536:
Orient Power Company Limited (OPCL) – Pakistan (42.8%)
1796:"Oman signs exploration deal with Shell for Block 11"
423:
In August 2023, OQ signed LNG supply agreements with
215:
OQ was founded as the Oman Refinery Company in 1982.
2147:
Non-renewable resource companies established in 1982
2129:
465:
Oman Oil Refineries and Petroleum Industries Company
157:
147:
121:
107:
89:
79:
64:
54:
44:
1752:"OQ and Ministry of Education sign two agreements"
1312:"OQ completes integration of international assets"
744:"OQ Group produces 218,000 barrels per day of oil"
2014:"Flexible Packaging Material Solutions | OQ"
1136:"Hopes Dashed For a Middle East Markets Bonanza"
162:
1890:"Oman LNG pens LNG supply deals with Shell, OQ"
1336:"Oman's oil and gas sector after Sultan Qaboos"
845:
843:
2071:"Lubricants & Functional Fluids | OQ"
2107:"Pharmaceutical & Medical Care | OQ"
2053:"Infrastructure & Construction | OQ"
1648:"TotalEnergies, Oman's OQ set up LNG company"
498:Oman Oil Facilities Development Company L.L.C
361:in March 2021, eventually giving its partner
8:
530:Oman Trading International (OTI) – UAE (70%)
30:
495:Oman Oil Company Exploration and Production
302:and signed two concessions/agreements with
1936:
1934:
1186:"OQGN launches its new corporate identity"
542:Qingdao Lidong Chemical Ltd. – China (30%)
476:Innovation Development Oman Holding (IDO)
408:and Hydrom for the project development of
404:In June 2023, OQ signed an agreement with
36:
29:
1628:Upstream Online | Latest oil and gas news
479:Vale Oman Pelletizing Company (Vale Oman)
192:. It is a wholly owned subsidiary of the
2047:
2045:
1993:"Feed, Food & Agriculture | OQ"
1580:
1578:
533:Gulf Energy Maritime (GEM) – UAE (30.4%)
416:and downstream sites required for green
2008:
2006:
773:
771:
769:
767:
765:
763:
761:
759:
757:
685:
196:through the Oman Investment Authority.
115:Said Abdallah Al Hatmi (Vice Chairman)
548:Qingdao Lixing Logistics – China (30%)
1669:
1667:
1207:
1205:
779:"Our Journey & History | OQ"
7:
345:Liwa Science and Innovation Center.
799:. Zawya. 2004-08-30. Archived from
458:Takamul Investment Company S.A.O.C
271:In 2016, OOC secured a $ 4 billion
1794:Devarasetti, Hasini (2022-09-16).
1074:"Oman Oil Company, Orpic to merge"
822:"Oman Oil Sign Joint Venture Pact"
461:Oman India Fertilizer Co. (OMIFCO)
25:
2089:"Paints & Coatings | OQ"
1942:"Takamul Investment Company SAOC"
1603:Saadi, Dania (December 8, 2021).
363:Bharat Petroleum Corporation Ltd.
113:Mulham Basheer Al Jarf (Chairman)
658:
644:
613:Lubricants and functional fluids
473:Minerals Development Oman (MDO)
261:in 2013, to further develop the
2162:Companies based in Muscat, Oman
1448:"OQ names new Acting Group CEO"
1122:www.hydrocarbons-technology.com
982:www.hydrocarbons-technology.com
899:www.hydrocarbons-technology.com
797:"Oman Oil Company Appoints CEO"
630:Pharmaceutical and medical care
601:Infrastructure and construction
501:Oman Oil Duqm Development L.L.C
2157:National oil and gas companies
1913:Kindi, Hibba al (2023-08-31).
1:
2152:Oil and gas companies of Oman
718:Rahman, Fareed (2021-12-07).
1674:Rani, Archana (2022-03-01).
1622:Ugal, Nishant (2023-01-20).
589:Flexible and rigid packaging
1699:Saadi, Dania (2021-12-21).
561:Feed, food, and agriculture
525:Redes Energéticas Nacionais
386:Memorandum of Understanding
382:Saudi Basic Industries Corp
2183:
1864:Benny, John (2023-06-22).
470:Salalah Methanol Co. (SMC)
420:and green ammonia plants.
1340:Oil & Gas Middle East
263:Khazzan-Makarem gas field
117:Talal Al Awfi (Group CEO)
35:
607:research and development
513:Blackrock Metals Company
384:(SABIC) and OQ signed a
2167:Companies in the MSM 30
1971:The Wall Street Journal
1894:www.naturalgasworld.com
1652:www.naturalgasworld.com
1140:The Wall Street Journal
1026:The Wall Street Journal
1000:The Wall Street Journal
365:(BPCL) full control of
581:and its handling, and
527:(REN) – Portugal (15%)
279:of understanding with
1967:"China Gas Flares Up"
1428:news.bloomberglaw.com
357:OQ sold its stake in
18:Oman Refinery Company
1592:. December 12, 2021.
1477:businessgateways.com
1106:. December 18, 2019.
1078:The Oil and Gas Year
857:. 22 September 2021.
354:is Ahmed Al Azkawi.
304:Occidental Petroleum
176:, formerly known as
27:Omani energy company
1800:Offshore Technology
1680:Offshore Technology
1316:www.tradearabia.com
1267:www.tradearabia.com
1142:. December 16, 2018
1080:. November 19, 2018
1054:. December 16, 2018
875:. December 16, 2013
621:Paints and coatings
418:hydrogen production
32:
1590:www.argusmedia.com
1365:www.argusmedia.com
1104:www.argusmedia.com
1028:. October 28, 2018
1002:. October 19, 2018
943:The New York Times
828:. February 1, 2010
194:Government of Oman
182:investment company
152:Government of Oman
84:Government of Oman
1973:. January 5, 2012
1569:Polymerupdate.com
1501:Business Standard
244:Terephthalic acid
184:headquartered in
171:
170:
16:(Redirected from
2174:
2133:
2132:
2130:Official website
2115:
2114:
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2021:
2010:
2001:
2000:
1989:
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1980:
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1946:Oman Oil Company
1938:
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1750:Release, Press.
1747:
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1705:www.spglobal.com
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1609:www.spglobal.com
1600:
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1551:www.marubeni.com
1543:
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1299:
1298:
1286:Prabhu, Conrad.
1283:
1277:
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1274:
1273:
1259:
1253:
1252:
1250:
1249:
1234:
1228:
1227:
1225:
1224:
1212:Prabhu, Conrad.
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715:
709:
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706:
705:
690:
668:
663:
662:
654:
649:
648:
647:
605:OQ is active in
567:animal nutrition
414:renewable energy
178:Oman Oil Company
167:
164:
140:refined products
75:
73:
49:Government-owned
40:
33:
21:
2182:
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2177:
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2173:
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2171:
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2025:
2012:
2011:
2004:
1991:
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1763:
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1731:. 31 May 2022.
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919:. June 29, 2016
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591:
583:human nutrition
571:crop protection
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