VOL. XL

No. 7

17-February-1997

OMAN

OOC Restructures Investments Following Departure Of Deuss

The state-owned Oman Oil Company (OOC), the hydrocarbon investment arm of the Sultanate of Oman, is currently completing the restructuring of its sizeable joint-venture portfolio following the departure of the Dutch oil trader and entrepreneur John Deuss in January 1996 (MEES, 29 January1996). Since the exit of Mr. Duess, OOC has been transformed from a Bermuda-registered firm to an Omani closed-stock...