Home Industry Energy Oman Oil, ORPIC merge downstream businesses Musab al-Mahruqi will take over as group chief executive effective December 2 by Reuters November 19, 2018 Oman Oil Co and Oman Oil Refineries and Petroleum Industries Co (ORPRIC) have merged their downstream businesses and appointed a new group chief executive as part of plans to integrate the two companies, ORPIC said in a statement posted on its twitter account. Musab al-Mahruqi will take over as group chief executive effective December 2 and oversee the integration of the management and assets of the two companies, the statement said. Al-Mahruqi was chief executive of ORPIC between 2010 and 2016 and led Oman’s first large-scale corporate integration between 2010-2012, it said. He earlier worked at Oman Oil. Reuters reported in May that Oman was working with consultancy McKinsey & Co to integrate its refining and petrochemical companies into one entity, citing a senior Omani official and a financial source. In recent years, Gulf countries have looked at ways to reform their oil firms, including through privatisation, to make them more efficient during a period of low oil prices. Read: UAE’s ADNOC plans $44.9bn downstream investment Oman has been considering a wide range of privatisations for several years. 0 Comments