Oman Oil Company S.A.O.C. (OOC)
Oman Oil Company S.A.O.C. (OOC) is a commercial company wholly owned by the Government of the Sultanate of Oman. The Company was incorporated in 1996 to pursue investment opportunities in the energy sector both inside and outside Oman. Through participation in energy and energy related projects, the Company plays an important role in the Sultanate's efforts to diversify the Omani economy and to promote Omani and foreign private sector investment.
The Company has at its core the following objectives:
Develop and invest in profitable businesses within Oman and internationally
Create meaningful employment within Oman
Grow talent - business leaders and professionals
Maximise value from Oman's resources
Within the Sultanate, the Company is focused on the development of oil and gas-based industries and other energy and energy related projects in partnership with international industry players capturing the value chain in the oil and gas sector. The Company’s recent structure builds on four main verticals (pillars) which operates OOC’s projects/assets. The four pillars represent: Takamul Investment Company S.A.O.C, Oman Oil Company Exploration and Production, Oman Oil Facilities Development Company L.L.C, Oman Oil Duqm Development L.L.C, in addition to the international assets that is managed by the OOC international investment unit.
Through development and participation in various projects, the Company continues to pursue the future which creates more jobs and investment opportunities directly from the projects themselves as well as from the many ancillary projects that will be needed to support and follow from these developments. The Company’s significant experience in project development and its unique shareholding as a government owned commercially managed company makes it a partner of choice in the energy sector in Oman.
Outside Oman, the Company is actively pursuing commercial ventures in the energy value chain to provide an alternate source of revenue for the Government of Oman.See more