Muscat, Oman – January 2026

OQ Refineries and Petroleum Industries (OQ RPI), a subsidiary of OQ Group, delivered a record performance in 2025 marked by a series of record results in crude oil refining, processing rates and petrochemicals production. This year marked a key milestone in the company’s development.

OQ RPI refined 93 million barrels of crude oil during the year, the highest volume in its history. The Company also recorded an all-time monthly processing peak of 8.37 million barrels in December 2025, demonstrating the efficiency and reliability of its refining assets and its ability to secure stable supply to markets.

In the petrochemicals segment, annual production from the polypropylene units (PP1 & PP2) reached 317 thousand metric tonnes, the highest since commissioning, while December 2025 marked the best monthly performance for these units. Output from the OQ Polymer Complex also exceeded one million tonnes, surpassing the planned target of 870 thousand tonnes, driven by ahead-of-plan turnaround execution, enhanced asset management, and improved unit readiness.

This performance reflects the central role OQ Refineries and Petroleum Industries plays within OQ’s integrated ecosystem, serving as the bridge between energy production and downstream manufacturing. The company’s operations extend beyond refining to transforming outputs into petrochemical products used directly in packaging, construction, and consumer industries. This approach increases the economic return per barrel and accelerates the shift from exporting crude to manufacturing higher-value products. It expands the local industrial base by providing stable and competitive feedstock, attracting new investments, supporting the growth of small and medium enterprises, and advancing in-country value objectives and Oman vision 2040.

Commercially, OQ continues to strengthen its global footprint, exporting products to more than 80 countries through a network of over 3,000 commercial partners in energy, trade, and manufacturing. This international reach underscores confidence in the quality and reliability of the company’s products, enhances the competitiveness of Omani exports, and supports the flow of revenues into the national economy.

Kamil Bakhit Al Shanfari, Chief Executive Officer of OQ Refineries and Petroleum Industries, said: “These results reflect our commitment to executing operational plans and enhancing the efficiency of our industrial assets. In 2025, we prioritised operational reliability and proactive maintenance practices. This enabled the company to achieve record production levels and exceed operational targets, strengthening its contribution to Oman’s energy and downstream manufacturing ecosystem.”

OQ RPI produces a broad range of fuels and petrochemical products for local, regional and global markets, including LPG, naphtha, jet fuel, diesel, fuel oils and polypropylene used in packaging, pipes, plastic components and medical and consumer applications. This portfolio enhances Oman’s presence in global supply chains and elevates the competitiveness of its industrial exports.

The company’s trajectory is further supported by initiatives to enable investment in downstream industries, most notably the Ladayn Polymer Park Programme, which encourages local and international investors to establish conversion facilities based on OQ’s products. This direction builds a deeper industrial base, supports self-sufficiency, opens new horizons for exporting finished goods with higher economic value, creates quality employment opportunities, and promotes sustainable growth of the industrial sector.