Petroleum Development Oman (PDO), Oman Shell, Oman LNG, and the Oman Oil-Orpic Group have signed a memorandum of understanding (MoU) to cooperate in developing self-sustaining business models, Times of Oman reported.

The five-year agreement aims to boost the level of Omanisation in their facilities, especially in maintenance and installations activities.

The MoU was signed on the sidelines of the World Heavy Oil Congress and Exhibition, which is held in Muscat on September 2-4, for the second year in a row, with more than 40 regional and international exhibitors.

Last year, Oman Oil Company and Oman Oil Refineries and Petroleum Industries Company (Orpic) merged their downstream businesses.