Oman Oil Company SAOC (OOC), the government’s energy and strategic investment arm, is planning a combined capital investment in excess of USD1bn across its substantial portfolio subsidiaries this year. Also expected to make headway this year is the development of a string of strategic gas pipelines, and midstream and downstream petrochemical projects. The investments underscore the wholly government-owned entity’s commitment to catalysing industrial and economic growth notwithstanding the challenging fiscal environment. (Oman observer)
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