Oman Oil, ORPIC merge downstream businesses | Reuters

Oman Oil, ORPIC merge downstream businesses | Reuters:

Oman Oil Co and Oman Oil Refineries and Petroleum Industries Co (ORPRIC) have merged their downstream businesses and appointed a new group chief executive as part of plans to integrate the two companies, ORPIC said in a statement posted on its twitter account.

Musab al-Mahruqi will take over as group chief executive effective Dec. 2 and oversee the integration of the management and assets of the two companies, the statement said.

Al-Mahruqi was chief executive of ORPIC between 2010 and 2016 and led Oman’s first large-scale corporate integration between 2010-2012, it said. He earlier worked at Oman Oil.