Oman Oil Co. Seeks Share in Lubricant Maker

by Ship & Bunker News Team
Tuesday July 23, 2013

Oman Oil Marketing Co (OOMCO) plans to acquire a 40 percent share in lubricant maker Lubechem International Industry LLC for about AED1.5 million ($408,000), Oman newspaper the Muscat Daily reports.

The acquisition, which OOMCO plans to complete within 30 days, would help the company integrate its lubricants vertical supply chain.

Lubechem's main business is manufacturing and blending greases, lubricants, and chemicals, while OOMCO operates filling stations in Oman and has a bunkering licence at the Port of Sohar in partnership with Matrix Marine Holding GnBH .

OOMCO CEO Omar Ahmed Salim Qatan recently announced plans to start another bunkering business at the Port of Duqm.

Qatan said the company is open to new business opportunities.

Ship & Bunker News Team
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