Oman Oil Connection
Oman Oil Company established Takamul in 2008 to promote and invest in value adding economically viable downstream projects based on feedstock from local industries. Since then Takamul has continued to develop projects in petrochemical, metals and minerals sectors with international, regional and local industrial players.
Oman Oil Company 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 structure builds on four main verticals (pillars) that operate OOC’s projects / assets. The four pillars represent: Takamul Investment Company LLC., Oman Oil Company Exploration and Production, Oman Oil Facilities Development Company LLC, Oman Oil Duqm Development LLC, in addition to the international assets that are managed by the OOC international investment unit.
Through development and participation in various projects, the Company continues to focus on the future, which in turn 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 on from these developments.