OQ, the Omani integrated refining and petrochemicals conglomerate, reported that its refineries recorded sharp decline in its production of motor fuels, jet fuels in addition to other refined products during the first half (H1) of 2020.

OQ, Oman’s state-owned integrated energy and petrochemicals powerhouse, has established a new business stream focused on investments in renewable and alternative energy resources.

BP Oman has announced plans to ramp up gas production by a massive 500 million cubic feet per day (mcf/d) from its Ghazeer development in Block 61 by the end of 2020.

The Sultanate’s $6.7 billion petrochemical project at Sohar Port is nearing its launch.

Under the patronage of Oman's Oil Minister, Mohammed Al Rumhi, Oman Oil and Orpic Group announced integrating nine core businesses under a new brand identity; named ‘OQ’.