Company Insights OQ Group Oil & Gas OQ Group 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.
