(MENAFN - Muscat Daily) Oman Oil Co (OOC) has announced the opening of its first representative overseas office in Dar es Salaam, Tanzania, as part of its broad investment programme to increase its presence in key growth markets.
Operating under the name Oman Energy Ltd (OEL), OOC will work alongside its majority-owned Oman Trading International (OTI) “ a 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,'' added H E Jashm