IPIC, Oman Oil sign cooperative agreement

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Apr. 22 -- The Oman Oil Co (OOC) and Abu Dhabi’s state-owned International Petroleum Investment Co (IPIC) signed a cooperation agreement on investment projects in the sectors of oil, gas, and petrochemicals.

The joint effort is intended to result in the establishment of oil refineries and petrochemical projects, in addition to the exchange of expertise and technologies, said Nasser bin Khamis Al Jashmi, Oil and Gas Ministry Undersecretary and OOC Chairman.

IPIC representative Khadim Abdullah Al Qubaisi said the two sides previously “cooperated in several investment projects, and now we hope that this agreement would be a starting point for investment projects in various local or global circles.”

Contact Eric Watkins at hippalus@yahoo.com.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...