Monday 06 / October / 2025
Muscat: To look for investment opportunities in the oil and gas sectors at home and abroad and to review the performance of some state-owned companies, Majlis Al Shura’s Economic and Financial Committee hosted the CEO of Oman Oil Company (OOC) .
Khalid bin Hilal Al Ma’awali, Chairman of Majlis Al Shura, patronised over the meeting in the presence of Eng. Mohammed bin Abu Bakr Al Ghassani, Deputy Chairman of Majlis Al Shura, Dr. Saleh bin Said Masan, Head of the Economic and Financial Committee and members of the Committee.
The company made a presentation on the key companies, such as Oman Oil Exploration and Production (OOEP), Oman Oil Facilities Development Company (OOFDC), Takamul Investment Company, and Oman Oil Duqm Development Company. The presentation included the most prominent foreign investment through OOC international investment unit and Oxea.
The presentation referred to the investment portfolio and its geographical and sector-wise diversity and the contributions made by the company, which was founded in 1996.
The meeting also touched on a number of topics related to the company and its contributions to the diversification of income sources, provide projects that will boost the Omani economy, in addition to reviewing the most important challenges and obstacles faced by the oil and gas sector in the Sultanate and the attempt to find appropriate and possible solutions to overcome them and minimise them in the future.
Eng. Essam Al Zadjali said that the meeting discussed the presentation to restructure the company in particular, in addition to the review of the most important current challenges for the company in the private oil and gas sector in general, as well as future projects, including A’Duqm Refinery Project and petrochemical project, and the future foreign investments.
