OBERHAUSEN, Germany/MUSCAT, Oman – Oman Oil Co. (OOC), a company wholly owned by the Government of the Sultanate of Oman, has successfully concluded the acquisition of Oxea, one of the largest global manufacturers of oxo chemicals. With the acquisition, OOC aims to become a vertically integrated global chemical leader in the downstream industry.

“With its international presence in Europe and North America, leading technology, efficient platform and longstanding experience in the oxo segment, Oxea will support our further expansion into the chemical sector,” said H.E. Nasser bin Khamis Al Jashmi, Chairman of Oman Oil Co.