Oman Oil turns into integrated energy company
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Oman Oil Company (OOC), the wholly government-owned energy and strategic investment arm, says it will continue to pursue partnerships with leading international oil companies (IOCs) in its upstream business as part of its evolution into an integrated energy enterprise.
According to the company’s chief executive officer, high-profile partnerships unveiled in recent months with energy giants such as Shell and ENI are in line with this trend.
“Oman Oil Company is converging towards the concept of an integrated oil and gas company and that’s our vision,” said Isam al Zadjali, CEO. “We are at the moment consolidating all our assets under that vision. Part of this vision is to partner with international oil companies (IOCs) with experience, technical knowhow and the financial sources, and we are selectively choosing our partners. This trend will continue whereby we will not continue with any upst