ORC To Sell 65% Stake In Al-Maha Marketing Company
The state-owned Oman Refinery Company (ORC) is to sell its remaining 65% share in its marketing arm, al-Maha Petroleum Products Marketing Company, the Times of Oman reported on 1 October. Omans al-Mawarid Securities Company has been commissioned to lead and manage the divestment. Plans to privatize al-Maha were first announced in 2000 (MEES, 4 September 2000). Earlier the same year ORC sold 35% of its share in...