Oman Gas to drive OOC’s energy growth ambitions

FROM P13 Europe. As part of this endeavour, we intend to establish a new company in order to ring-fence our regulated activities.”

Attesting to OGC’s revamped mandate is the Salalah LPG Extraction project, contracts for the financing and implementation of which were signed here recently. The $820 million venture, under construction in Salalah Free Zone, is owned and operated by Salalah LPG SFZCO, a 100 per cent subsidiary of OGC.

In line with its enlarged mandate, all of Oman Oil Company’s oil infrastructure businesses have now been placed under the OGCled Energy Infrastructure vertical. Consequently, OOC subsidiaries Oman Oil Marketing Company (OOMC), Oiltanking Odfjell Terminals (Sohar), Oman Tank Terminal Company (OTTCO), and Oman Shipping Company SAOC now fall under OGC’s broad remit.

Explaining the vision behind this revamp, Al Burtmani said in the interview: “We are also working closely with Oman Oil and other stakeholders to consolidate our oilrelated infrastructure asset under one Omani oil logistics company. The goal here is to operate the liquid jetties in Sohar, Duqm and Salalah under one Omani brand, while leveraging our capabilities to expand the oil logistics business.”

Likewise, OGC’s ‘Power Infrastructure’ pillar now includes the Musandam Power Company (MPC), which is 80 per cent owned by Oman Oil Company. MPC recently brought its dual-fuel 120 MW power generation plant into commercial operation at Tibat in Musandam Governorate.

Besides, the Centralised Utilities Company (Marafiq) — a subsidiary of Oman Oil Company — is gearing up to deliver an estimated 300 MW power plant to serve the energy requirements of Duqm Refinery and other projects planned at the SEZ, according to Al Burtmani.

This pillar will also explore opportunities for power investment based on conventional fuels and renewables.