Company Insights OQ Oil & Gas OQ Overview OQ, formerly known as Oman Oil Company, is an energy investment and development company owned by the Oman Investment Authority (OIA). OQ operates across the entire energy chain, including oil and gas exploration and production, refining, petrochemicals, trading, alternative energy, power generation, and infrastructure and transportation for energy. It is present in almost 20 countries. In 2024 its subsidiary OQ Exploration and Production raised more than $2 billion through an IPO on the Muscat Stock Exchange, the Gulf region’s largest initial public offering for that year. Its methanol, ammonia and LPG production division OQ Base Industries (OQBI) also went public in a $488 million IPO. OQ’s other subsidiaries include Oman Oil Refineries and Petroleum Industries Company, Oman Gas Company, Oman Polypropylene Company and Oman Trading International. OQ also has divisions in feed, food, and agriculture; flexible and rigid packaging; paints and coatings; and lubricants. Looking ahead OQ plans to expand its operations in renewable energy and green hydrogen projects. OQ News Analysis Finance Vast Gulf wealth funds splinter to make targeted investments Sovereign wealth funds in the Gulf are increasingly doing business via wholly-owned or affiliated entities as they become too big to manage specialised investment efforts, industry watchers are saying. MGX, an Emirati artificial intelligence-focused vehicle founded last year by Abu Dhabi’s fund Mubadala and the artificial intelligence company G42, made a splash by being one […] January 27, 2025 Analysis Energy Top Oman drilling firm Abraj plans regional expansion Omani oil and gas service company Abraj has set its sights firmly on exporting to the Gulf and the wider region. That’s according to Salah Al Harthy, business development director, Abraj Energy Services, Oman’s leading drilling firm and a subsidiary of state-owned OQ (formerly known as Oman Oil Company). “Abraj has significant expansion opportunities in […] October 28, 2022 Posts navigation
Analysis Finance Vast Gulf wealth funds splinter to make targeted investments Sovereign wealth funds in the Gulf are increasingly doing business via wholly-owned or affiliated entities as they become too big to manage specialised investment efforts, industry watchers are saying. MGX, an Emirati artificial intelligence-focused vehicle founded last year by Abu Dhabi’s fund Mubadala and the artificial intelligence company G42, made a splash by being one […] January 27, 2025
Analysis Energy Top Oman drilling firm Abraj plans regional expansion Omani oil and gas service company Abraj has set its sights firmly on exporting to the Gulf and the wider region. That’s according to Salah Al Harthy, business development director, Abraj Energy Services, Oman’s leading drilling firm and a subsidiary of state-owned OQ (formerly known as Oman Oil Company). “Abraj has significant expansion opportunities in […] October 28, 2022
