Oman combines firms for trading, refining giant

The largest Arabian Gulf producer that’s not an Opec member is combining staterun oil investment and refining companies to form a business that spans pumping crude and natural gas to processing and trading fuels.

Government-owned Oman Oil Co. and Oman Oil Refineries & Petroleum Industries Co. named Musab Abdullah Al Mahruqi as chief executive of the merged group starting December 2, another step in combining their management and operations, according to a joint statement on the Twitter account of the refining business. (Bloomberg)