Oman oil marketing company to sell lubricant oils in Egypt

In the presence of His Excellency Tarek El-Molla, Egyptian Minister of Petroleum and Mineral Resources, His Excellency Abdullah bin Nasser Al-Rahbi, the Sultanate’s Ambassador to the Arab Republic of Egypt, and Mr. Tarik Mohamed Al Junaidi, CEO of Oman Oil Marketing Company, Oman Oil Marketing Company (OOMCO) recently signed an agreement with Alexandria Company for Petroleum Additives (ACPA) for the production, mixing and packaging of special oils in Egypt. ACPA will act as a hub to market and sell OOMCO’s lubricant oils in Africa. OOMCO also signed a Memorandum of Understanding with Egypt Petroleum Company for the manufacture and supply of lubricants. 

The signing ceremonies took place during the Egypt Petroleum Show (EGYPS) 2023, an annual Petroleum and Energy event held under the auspices of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt. OOMCO’s expansion to Egypt will lead to more growth momentum in Africa as Oman’s leading fuel marketing company is planning to maximise opportunities in the rest of the continent, while it already operates in Tanzania.

Tarik Mohamed Al Junaidi, Chief Executive Officer of OOMCO, said, “Top-branded lubes have always been trending products in the oil and gas value chain, which creates room for further growth opportunities. Our latest agreements with the Alexandria Company for Petroleum Additives and Egypt Petroleum Company allows us to further increase our regional market share, while we aim to leverage the strong trade ties between Egypt and Oman as well. Our expansion to other countries further contributes to Oman’s economic growth as we continue to do our part in fueling the development of Oman through our expansion strategy.”