Oman

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New Energy Giant Takes Shape in Oman

As part of a master plan to revamp the sultanate’s production infrastructure, the government has decided to roll state-owned Oman Oil Company (OOC), Oman Refineries and Petroleum Industries Company (ORPIC) and six other domestic energy firms into one unit that would also include German oxo intermediates and derivatives producer Oxea.

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A Visible Turning Point for Oxea

Ten years ago, in March 2007, oxo chemicals producer Oxea was established as a buyout led by private-equity firm Advent International of oxo derivatives and oxo intermediates businesses from Celanese and European Oxo.

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