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OQ, the global integrated energy group, today celebrated the groundbreaking ceremony of the strategic fuel reserve project in the Dhofar Governorate, marking an investment of over 47 million Omani Riyals (equivalent to USD 124 million). The ceremony was held under the patronage of His Highness Sayyid Marwan bin Turki Al Said, the Governor of Dhofar, and attended by various officials and dignitaries from the governorate.
OQ Gas Networks SAOG (OQGN), the exclusive operator of Oman's Natural Gas Transmission Network, celebrated the inauguration of “Saib” Project, an additional gas pipeline in Dhofar Governorate with a length of 208 km. The inauguration ceremony was held under the patronage of HH Sayyid Marwan bin Turki Al Said, Governor of Dhofar, along with government officials, community leaders, OQGN Board of Directors and key stakeholders and contractors.
Parties comprising OQ Alternative Energy (OQAE) - an OQ Group company, Dutco, Sumitomo Corporation Middle East FZE, Automobili Lamborghini S.p.A and Airbus have formed the OSCAR (Oman Sustainable Cars and Aviation Refuelling) consortium with the aim to study the potential of Oman to produce e-gasoline and e-SAF (Sustainable Aviation Fuels).
OQ, the global integrated energy group, inaugurated the OQ Digital Hub under the patronage of Her Excellency Dr Rahma bint Ibrahim Al Mahrouqi, Minister of Higher Education, Research and Innovation.
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.