At OQ, we take pride in our diverse portfolio, with shareholding in more than 23 companies. These investments span the entire energy value chain, from exploration and production to refining, chemicals, logistics, marketing, and alternative energy. Through this vast network, we are helping shape the future of the global energy industry while supporting Oman’s economic growth.
OQ has been growing steadily as an energy investment and development company wholly owned by the Government of Oman and plays an integral part of the Oman Investment Authority (OIA).
OQEP, a key subsidiary of the OQ Group, has undergone a remarkable journey since its establishment in 2009. In 2024, a significant milestone was reached with the unveiling of a new brand identity and the announcement of an Initial Public Offering (IPO) of 25% of its shares on the Muscat Stock Exchange. This strategic move positions OQEP for further expansion and offers investors the opportunity to participate in the thriving energy sector.
OQEP continues to play a vital role in the energy industry. Its operations encompass a wide range of activities, including geological surveys, drilling, and production.
75%
Shareholding
OQGN holds a natural monopoly over critical gas transportation infrastructure in Oman as the exclusive owner and operator of the natural gas transmission network (NGTN). OQGN aims to champion the management and development of the NGTN through innovative and sustainable solutions. The Company prioritizes maintaining high standards of operation and maintenance, which is reflected in the OQGN’s operational track-record, having delivered 99.99% gas availability over the last 10 years and recorded no gas supply interruptions in 2024.
51%
Shareholding
The year 2024 saw the official launch of the new brand identity for OQ Base Industries (OQBi), a subsidiary of OQ Group, strategically based in the Salalah Free Zone. OQBi focuses on producing methanol, ammonia, and LPG, essential chemicals that drive both local and global industries. Its commitment to operational excellence and sustainability ensures its significant contribution to the global energy value chain.
51%
Shareholding
Abraj Energy Services SAOG, a key subsidiary of OQ Group with OQ holding a 51% stake, was established in 2006. Abraj stands as a premier provider of integrated oilfield services in Oman. Specialising in drilling, well services, and comprehensive field management, the company is dedicated to upholding the highest operational standards and a commitment to sustainability in the oil and gas industry.
51%
Shareholding
Musandam Power is the owner of the first independent power plant in the Musandam region of the Sultanate of Oman. The company was founded by OQ – which owns 69.9%, OETCL – which owns 0.1%, and LGI – which owns 30%. With a contracted power capacity of 120 MW, it currently contributes a significant proportion of Oman’s total MIS capacity. The power produced from the Plant is fully contracted to OPWP (Oman Power & Water Procurement Co.), pursuant to a Power Purchase Agreement (PPA), and used to meet the growing power demand of the Musandam Governorate.
42%
Shareholding
Oman Oil Marketing Company (OOMCO), a leading subsidiary of OQ Group, has been a pioneer in the fuel retail and marketing industry since its establishment in 2003. OOMCO is known for its wide network of service stations across Oman, Saudi Arabia, and Tanzania, which provide high-quality fuel and related services, such as lubricants, marine fuels, and convenient retail offerings.
49%
Shareholding
