As part of its broad investment programme to increase presence in key growth markets, Oman Oil Company (OOC) has announced the opening of its first representative overseas office in Dar es Salaam, Tanzania. Operating under the name Oman Energy Limited (OEL), OOC will work alongside its majority-owned, Oman Trading International (OTI) – petroleum products, crude oil, petrochemicals, and carbon emissions trading company – to support activities and pursue investment opportunities.
“Commencing operations in Tanzania is an important milestone as we expand our presence throughout the African continent. The representative office will act as a focal point to explore and develop investments in Tanzania’s petroleum and energy sectors,” said H.E. Nasser bin Khamis Al Jashmi, Undersecretary for the Ministry of Finance and Chairman of OOC. “With the accelerated agricultural growth in Tanzania, OOC is considering potential investments in the fertiliser sector, as well as the supply and marketing of petroleum products. In addition, development of energy infrastructure and coal mining are other opportunities being considered as part of our investment roadmap in the country.”