Isam bin Saud Al Zadjali
,CEO,Oman Oil Company
It promises to be quite a year for the Oman Oil Company (OOC) and its CEO Isam bin Saud Al Zadjali.
The organisation is to be restructured into three divisions as part of plans to improve efficiency and support expansion. al-Zadjali revealed in February.
“The size of the company has grown. OOC is now operating in 15 countries. And with more expansion, we needed to revisit the way we run our investments and the need to restructure the company,” said Al-Jadjali.
The new structure, which has already been approved by the board of directors, will see one unit consolidate OOC’s domestic investments and look into selling some of the smaller assets, Zadjali said.
OOC had invested some $24.4bn in companies within Oman as of 2013, with investments in the Sultanate accounting for 65% of total spending. Investments in Duqm are expected to total around $15bn, Zadjali said.
