Refining & Petrochemicals Middle East
Oman’s OQ Gas Network and Gulf Petrochemicals sign deal for maintenance services
Oman’s state-owned OQ Gas Networks (OQGN), a part of the sultanate’s global integrated energy group OQ, has signed a long-term agreement with Gulf Petrochemicals Services Company (GPS) for maintenance and engineering services.
Under the terms of the agreement, GPS will provide the entire day-to-day maintenance portfolio related to OQ’S gas network assets across Oman.
As per OQ officials, the scope of the contract includes preventive, corrective, and predictive maintenance, call off services, and other third-party services. The contract also incorporates management and execution of minor scale EPC projects (new pipeline connection) which facilitates quicker project initiation and rapid mobilisation.
While speaking at the signing ceremonay, Mansoor al Abdali, managing director of OQ Gas Network said, “This long-term service contract is vital to our business as it contributes to our goals towards reliability and availability. This agreement will serve as an effective platform to bring innovation and efficiency in serving our customers.”
He said that the scope and scale of this contract is significant and OQGN officials are happy to partner with GPS as this reinforces their commitment to nurture and mature domestic organisations having capabilities of competing locally and internationally and supporting the country’s economic growth.
Agreeing with this Naveen Chana, general manager of Gulf Petrochemicals Services, said, “We are honoured that OQ Gas Network has selected us again to provide them with ongoing maintenance services. We will continue to provide topnotch service as we continue to renew this new business partnership.”
According to company officials, the government of Oman is considering raising around $800 million through stake sale in OQGN. In Septermber, OQ roped in Bank of America and Bank Muscat to assist in the initial public offering of OQ Gas Network, as the Sultanate steadily moves ahead in its privatisation programme.