was to invest in upstream, midstream and downstream petroleum ventures in various countries.
Zubair commended the successful hosting of many international seminars and workshops by the OOC
last year, which included OCA regional forum, IOC Olympic Solidarity meeting, West and South Asia National Olympic Committees meet, the 48th CAS summit and the Regional
The meeting, which was chaired by OOC
chief Sheikh Khalid bin Mohammed Al Zubair, spoke about Oman's achievements in the recent and the forthcoming international assignments.
Qualified experts check on every new OOC
investment proposal and report back to the Ministry of Commerce, Industry and Minerals as well as with the MOG and the Ministries of Economy and Finance before approval.
Eng Isam bin Saud al Zadjali, CEO of OOC
said, "Through this agreement, we aim to benefit from Omantel's telecommunications solutions and to meet the growing demand for innovative and reliable solutions to facilitate the business needs and procedures of OOC
Group of companies.
always aspires to find systems and technology solutions that are in line with the global trends of smart digital applications for business delivery.
On his part, Oman's Minister of Oil and Gas Mohammed bin Hamad Al Rumhi, who is also OOC
chairman, said that the agreement embodies the distinct Kuwaiti-Omani bilateral ties, opening up fresh prospects for further cooperation to serve mutual interests.
GS EPS, Korea's independent power producer, held project completion ceremony for the plant, with presence of audiences including executives of GS Group and OOC
, at GS EPS's Bogok Industrial Complex, Dangjin, Chungnam Province, Korea.
With over 40 assets in 15 countries, OOC
continues to drive economic diversification and growth, by facilitating the transfer of knowledge and technology to maximise the value of Oman's natural resources.
The second major project of OOC
in Duqm is Duqm Petroleum Terminal Company (DPTC).
For its part, Oxea expects the combination with OOC
to ensure access to growth markets in Asia and the Middle East, it said.
Nasser Bin Khamis Al Jashmi, Under-Secretary of the Ministry of Oil and Gas and Chairman of OOC
, signed the agreement on behalf of the ministry while Kent Lee signed on behalf of LG International in his capacity as Senior Vice-President.