Oman Oil Company markets its products in Yemen

Oman Oil Marketing Company (SAOG) launched last Thursday marketing its oil products in Yemen in partnership with Nasser Company for General Trading (NCGT), a member of Bazarah Group of Companies.

At the inauguration ceremony, Deputy Minster of Trading and Commerce, Igbal Bahader praised the marketing partnership and cooperation between both companies, hinting the Yemeni market is largely wide and has the aptitude to absorb different products. He further stressed that success lies in customers' satisfaction.

The Omani Ambassador to Yemen Abdullah Ben Hamad Al-Badi considerd the cooperation and partnership between the Oman Oil Marketing Company and Nasser Company for Trading to be a byproduct of the brotherly relations between Yemen and Oman, calling both companies to continue in order to achieve more accomplishments in the future.

Smith Allen Oil and Gas (SAOG) executive director Omar Ahmed Qatan expressed his company's pride for having a partnership with Nasser Company to distribute and market their products in Yemen.

Qatan added this step comes in translation of the company's strategy targeting new and nearby markets as an important step for growth.

"The success of the company is made by a well-trained and motivated staff dedicated to the company's overall objectives", he noted.

Nasser Company Group Training (NCGT) executive director Aidarus Bazarah extolled SAOG's extraordinary undertaking,   maintaining they will embark on distributing and selling the company's products across the nation. He also assured that his company will offer quality products at affordable prices.

SAOG, with brand name Oman Oil, is Oman's first and only 100% Omani owned fuels marketing company.

Formed in October 2003, following the acquisition of the majority share of BP Oman by Oman Oil Company (OOC), Oman oil is envisaged to be the future in petrol and lubricant retail in Oman.

The company has four main areas of operations covering the retail, commercial, aviation and the lubricants markets. The retail business consists of 90 retail sites spread throughout the country selling approx 425 million liters of fuel per annum and having a 23% market share. The commercial or "B To B" business supplies all sectors of the economy and is particularly strong in the civil engineering and construction industry. The Aviation business has the largest market share at Seeb Airport and is geared up to cater for the proposed expansion over the next few years.