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OQ, formerly known as Oman Oil Company, is an energy investment company headquartered in Muscat, Oman. It is a wholly owned subsidiary of the Government of Oman through the Oman Investment Authority state-owned enterprise .
This page was last edited on 10 January 2025, at 14:28 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Launched by the Dubai Mercantile Exchange (DME) on 1 June 2007, the DME Oman Crude Oil Futures Contract (OQD) is the Asian crude oil pricing benchmark. The contract is traded on the CME Group ’s electronic platform CME Globex, and cleared through CME Clearport.
BP reported Monday that it has begun production from the Ghazeer field in the Omani desert ahead of schedule.
The company was incorporated as a joint venture between Bharat Petroleum Corporation (BPCL) and Oman Oil Company Ltd (now OQ). Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million tonnes. The capacity of the refinery was further enhanced to 7.8 million tonnes ...
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PETRONAS, through its subsidiary PC Oman Ventures Ltd acquired a 10% participation interest in the field from Oman Oil (now known as OQ) in December 2018. [4] With the acquisition, the field ownership is now split with 60% owned by BP, 30% by OQ and 10% by PETRONAS. Production from the EPSA extension area (Ghazeer) commences in October 2020. [5]