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Oman Oil Marketing Company

OOMS
Oil & Gas

Oman Oil Marketing Company Overview

Oman Oil Marketing Company is a publicly listed joint stock company that markets and distributes petroleum products. It is a subsidiary of Oman Oil Company (OQ).

The company launched in 2003 when OQ acquired shares in what was formally British Petroleum Oman. OQ owns 49 percent of Oman Oil Marketing Company’s shares, with the rest divided among government authorities, pension funds, shareholders and individuals.

Oman Oil Marketing Company operates in sectors including fuel retailing, direct (bulk) fuel sales to government and commercial sectors, lubricant marketing, aviation refuelling, storage and distribution.

The company operates a network of more than 200 service stations, including about 30 locations in Saudi Arabia and 12 in Tanzania. In total it serves about 200,000 motorists daily.

In 2018 Oman Oil Marketing Company introduced app-based e-payment at its service stations, in partnership with Thawani Technologies.

The same year, it began to use solar energy to generate electricity at some of its service stations and launched a solar initiative in partnership with Nafath Renewable Energy.

Oman Oil Marketing Company News

Petrol station in Al Hamra, Oman. Regulations require new petrol stations to include solar power, electric vehicle charging points, ATM’s and parking for a variety of vehicles

Oman petrol stations must install solar and EV charging

Oman has toughened rules around licensing new petrol stations, telling operators to install solar power and provide electric vehicle charging points and other facilities. The Ministry of Commerce, Industry and Investment Promotion has said it will not issue licences for new petrol pumps unless they fulfil requirements which include the provision of fuel, suitable pumps […]

Omani fuel retailer plans 14 new stations in Saudi Arabia

State-owned Oman Oil Marketing Company (Oomco) plans to open 14 service stations in Saudi Arabia as part of its regional expansion strategy. The new “one-stop-shop” stations will increase the number of service stations to 26 by the fourth quarter of 2023, state-run Oman News Agency reported. The agreement is part of a memorandum of understanding […]