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Commercial

Supply & Trading

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Supply & Trading

Incorporated in Dubai in 2006, OQ Supply & Trading is today a global player, with offices in Asia, Europe, the Middle East and the USA, trading nearly 30 million tonnes of energy products each year.

This business unit is responsible for managing the domestic and international supply of OQ products, as well as trading both OQ and third-party crude oil, refined petroleum products, petrochemicals, LNG and dry bulk. Our global network of trading offices, ideally located in all the major oil trading regions, allows us to capture value from arbitrage flows and evolving market dynamics, utilising our world class logistics and supply chain management capabilities.

OQ Supply & Trading’s refined petroleum products portfolio includes gasoline and gasoline components, naphtha, middle distillates, liquified petroleum gas (LPG) and fuel oil. The petrochemicals trading portfolio includes, but is not limited to, paraxylene, benzene and methanol.

Our experience and understanding of oil markets enable us to implement structured transactions on the business' financial side to support our customers in an extremely volatile environment.

Supply & Trading

OQ Supply & Trading is responsible for managing the domestic and international supply of OQ products, as well as trading both OQ and third-party crude oil, petroleum products, petrochemicals, LNG and dry bulk.

Retail

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Retail

Retail represents an important growth area for OQ. Today in Oman there are about 620 stations that are divided between three main retailers, one of which is Oman Oil Marketing Company (OOMCO). OQ owns 49% stake in OOMCO. OOMCO has over 35% market share in Oman, with an aim to increase its position by focusing on increasing both its market share and Non-Fuel Revenue (NFR). OOMCO operates more than 230 fuel stations in Oman, Saudi Arabia and Tanzania. OQ Retail’s second main hub is East Africa, OQ owns 40% stake in Hass Petroleum (HASS), headquartered in Kenya, with more than 120 stations in 9 countries. These retail stations source all their fuel from OQ refineries via a long-term supply agreement with more than 1 million liters per annum. Both OOMCO and HASS represent a good platform for OQ to leverage in the fuel retail business locally and internationally.

As part of OQ Retail strategy, OQ is planning to expand its network through acquisition and organic growth to reach around 2,500 stations by 2030 with more than 134 kbd of retail volumes with an investment of $1.5b by 2030. The implementation of the retail strategy will contribute to the retail presence and contribution to the overall OQ portfolio. A significant part of the road map to success will be adapting to emerging trends through increased digitalisation and advanced mobilities. In addition, storage and logistics will play an important enabler to the retail network expansion in the targeted market.

OQ Retail domestic and international presence provides access to retail margins, supports the placement of OQ products, and provides OQ with direct access to end-users. OQ Retail’s M&A and organic growth will be key to achieve our goal by 2030.

Performance chemicals

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Performance chemicals

Whether it is fuels or petrochemicals products, our group produces a wide range of end use products or material for further downstream processing.

OQ is a global manufacturer of polymers (polypropylene and polyethylene), oxo intermediates (aldehydes, alcohols and esters) and oxo derivatives (polyols, carboxylic acids, specialty esters, and amines). Those three segments represent our performance chemicals offerings.

Our products serve a wide range of industries and applications, including packaging, construction, automotive, healthcare and agrochemicals. Some of the products include high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavours and fragrances, printing inks and plastics.