11 February 2014, Dar es Salaam – MUSCAT Oman Oil has opened its first representative overseas office in Dar es Salaam in Tanzania as part of its broad investment programme in key growth markets.
According to Oman Oil officials, the company would operate under the name Oman Energy Limited and would work alongside its majority-owned, Oman Trading International dealing in petroleum products, crude oil, petrochemicals and carbon emissions trading company.
“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,” HE Nasser Bin Khamis Al Jashmi, Undersecretary at the Ministry of Finance, and chairman of Oman Oil.
“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 that country,” he added.
– Tanzania Daily News
