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11 Current news from Oman
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Oman Oil and Oxea Cooperate with German University of Technology
08-May-2015
The Oman Oil Company (OOC) together with its subsidiary, the chemical company Oxea, has signed an agreement with the German University of Technology (GUtech) in Maskat, Oman. According to this agreement, GUtech, a private university that is associated with the RWTH Aachen (University of ...
Air Products and Takamul Investment Announce the Formation of a New Joint Venture in Oman
The joint venture will supply industrial gases to the new Special Economic Zone at Duqm (SEZAD)
17-Dec-2013
Air Products and Takamul Investment Company, a subsidiary of the Oman Oil Company, announced they have signed a joint venture agreement to establish an integrated industrial gases venture, which will become a one-stop provider for a full range of industrial gases such as hydrogen, nitrogen and ...
Oman Oil Company concluded acquisition of Oxea
10-Dec-2013
Oman Oil Company (OOC) has successfully concluded the acquisition of Oxea which was announced in October. The purchase price was not disclosed. Oxea is one of the largest global manufacturers of Oxo chemicals. With the acquisition, OOC aims to become a vertically integrated global chemical leader ...
AkzoNobel agrees JV deal in Oman
01-Nov-2013
AkzoNobel has expanded its presence in the Middle East after acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people. The company has signed a joint venture agreement with Omar Zawawi Establishment LLC (promoter and shareholder of Sadolin ...
Oman Oil Company acquires Oxea
11-Oct-2013
Advent International announced its divestment from Oxea, one of the largest global manufacturers of Oxo chemicals. Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, will acquire Oxea to strengthen its position in the global chemicals sector. The ...
ABB wins order worth over $100 million for a new gas condensate plant in Oman
27-Jul-2012
ABB has won a contract worth over US$ 100 million to build a new gas condensate processing plant for Petroleum Development Oman (PDO) in the Sultanate of Oman. The order was booked in the second quarter. The new Saih Nihayda Condensate Stabilization Plant will be located near the Saih Nihayda gas ...
OCTAL secures US$296 million for next phase of expansion
20-Jan-2011
OCTAL is on track to complete the second phase of its operational expansion this year following a new round of funding from six Middle Eastern banks. The privately owned, Oman-based manufacturer opened a 400,000 metric ton (m/t) PET resins and sheet packaging facility in the southeast port city ...
ABB wins Oil & Gas order in Oman
26-Nov-2009
ABB recently won an order to provide electrical equipment and related services for the Kauther Depletion Compressor Project for Petroleum Development Oman (PDO). The contract was awarded by GE Oil & Gas. Located on the northern edge of the major central Oman gas fields, the Kauther gas field ...
Air Liquide: start-up of new units in Middle-East
30-Jul-2009
The Middle East economies continue to grow, generating many different needs for industrial gases. Following the acquisition of the Al Khafrah Industrial Gases Company in Saudi Arabia announced on last July 08th, Air Liquide is pursuing its development in the Middle-East. In Oman, the local ...
OCTAL Petrochemicals substitutes 90 per cent of Oman’s PET imports
29-Jun-2009
After just five months of operations at its new manufacturing facility in the Salalah Free Zone, OCTAL Petrochemicals has substituted 90 per cent of PET resin imports into Oman, valued at nearly US$42 million a year. OCTAL Chairman Sheikh Saad Suhail Bahwan said: “Omani companies can now buy ...
