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In response to the diverse polymer demands arising from China's rapid urbanization, OQ, an international energy company headquartered in Oman, is showcasing its latest innovative Impact Copolymer (ICP) solutions at Chinaplas 2024. With these new grades, OQ empowers its customers to develop versatile end products, providing reliable support for the comfort of urban living.
OQ, the global integrated energy group, and its partners have spent USD 2.825 billion on goods and services from local suppliers in Al Wusta Governorate, Oman. This significant contribution is part of the group's unwavering commitment to enriching local markets through a structured and regulatory framework aimed at maximising In-Country Value (ICV).
OQ, the global integrated energy group, released today its financial results for 2023. The company reported a net profit of OMR 970 million.
OQ’s Luban Polymer Contributions Propel 2023’s $91 Million Export Revenue, Comprising 30% of Total
OQ, the global integrated energy group, has significantly increased its spending on local goods and services through the third quarter of 2023, demonstrating its commitment to enhancing In-Country Value (ICV) and supporting Omani businesses.
Headquartered in Oman, OQ stands out for its diverse expertise as an energy transition enabler across various markets. Excelling in polypropylene (PP) and polyethylene (PE), catering to both flexible and rigid packaging solutions, OQ has announced two major product launches designed to solve industry challenges and provide key sustainability benefits.
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OQ, the global integrated energy group, in collaboration with its partners, has made investments surpassing ten (10) billion American dollars in Duqm. This significant contribution is part of their commitment to leveraging Oman's abundant resources, endorsing the government's economic diversification initiatives, and attracting foreign investments.
His Excellency Dr. Mahad bin Saeed Baaween, Minister of Labour, patronized the ceremony organized by OQ, the global integrated energy group, to celebrate the graduation of the tenth cohort of the Employment training programme 2023, which included 220 male and female graduates.
OQ, the global integrated energy group, reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of USD 2.3 billion for the first half of 2023. Additionally, the group posted a net profit of USD 1.1 billion and reported total assets amounting to USD 31.2 billion.