OOC and Orpic Group announce new organisational structure, will invest $28bn in next 10 years

OOC and Orpic Group announce new organisational structure, will invest $28bn in next 10 years
Published: 25 February 2019 - 1 a.m.
By: Martin Menachery

The board of directors of Oman Oil Company and Orpic Group has announced the new organisation structure, following the appointment of Musab Al Mahruqi as group CEO on 18 November 2018.

The group recently concluded a 100-day programme under the name of ‘Nakhla’ to evaluate the scope for sustainable growth in multiple global markets, declaring a new vision and organisational structure that will deliver profound benefits for the national economy. Together with its local and international partners, the group will invest in excess of $28bn in the next 10 years.

The integration programme will be centred on nine group companies – Orpic, Oman Oil Exploration & Production (OOCEP), Oman Gas Company (OGC), Salalah Liquefied Petroleum Gas (SLPG), Duqm Refinery and Petrochemical Industries Company (DRPIC), Oman International Petrochemical Industries Company (OMPET), Salalah Methanol Company (SMC), OXEA and Oman Trading International (OTI).

Meanwhile, other businesses remain important and will continue to be run as they are today. The new organisational structure consists of two business lines: Upstream – Houses the current upstream and midstream businesses, and will be responsible for new gas opportunities. This will be led by Isam Al Zadjali as CEO, upstream. OOCEP, OGC, and SLPG will fall under this business line. Downstream – Drives operational excellence across the existing and planned refining and petrochemical businesses. This will be led by Ahmed Al Jahdhami as CEO, downstream. Orpic, DRPIC, OMPET, SMC, and OXEA will be under this business line.

Talal Al Awfi was appointed as chief commercial officer, where Oman Trading International (OTI) and the marketing functions within the group will fall under his responsibility. Nizar Al Lawati was named as chief financial officer for the group.

The Integration programme will be supported by a dedicated Integration Management Office (IMO) that will continue the Nakhla programme, and in particular support the blueprint design and integration implementation of the new business lines and central functions. The IMO will be led by Ayad Al Balushi.

Working together to build a better future for Oman, the group has delivered an ambitious set of aspirations following the development of an integration roadmap. OOC and Orpic Group seek to create an environment where talent thrives globally, capturing and capitalising on greater participation in the global hydrocarbon value chain, facilitating local and international private participation in Oman’s oil and gas sectors to increase value for shareholders and the group’s contribution to the nation.

The group will continue to work through local and international partnerships in the energy sector to double its contribution to GDP by 2030.

The group will continue to move forward the ‘Nakhla way’, through engagement and with a continued emphasis on running the business and realising quick wins.

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