Oman Oil Co to Restructure to Support Expansion

MUSCAT, Feb 15 (Reuters) - State-owned Oman Oil Co (OOC), the national petroleum investment company, will restructure itself to support expansion and improve efficiency, chief executive Isam al-Zadjali said on Monday.

"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," he told reporters.

OOC's board of directors has approved a new structure under which one unit will consolidate the firm's domestic investments and look into selling some of the smaller assets, Zadjali said.

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