Middle East Economic Survey


No 50



OCC Acquires Thai Olefins Stake As Third Foreign Holding In A Month

State-owned Oman Oil Company (OOC) has acquired its third foreign shareholding in a month with the purchase of 3% of Thai Olefins Company Ltd (TOC). This is the first investment made by OOC in Thailand as well as the first in the petrochemical industry outside Oman. CEO Ahmad al-Wahaibi said that OOC was looking at ways that it could cooperate with Thailands...