Top 10 Companies in Oman

Top 10 Companies in Oman

Oman, a thriving nation in the Arabian Peninsula, boasts a diverse and dynamic business landscape. Here are the top 10 companies in Oman, showcasing their industry dominance, market impact, and notable accomplishments:

1. Oman Oil Company

  • Industry: Oil and Gas
  • Market Influence: Oman’s largest oil and gas producer, accounting for over 70% of the country’s crude oil production.
  • Notable Achievements: Expanded its downstream operations globally, including refineries and petrochemical plants.

2. BP Oman

  • Industry: Oil and Gas
  • Market Influence: Leading international oil and gas company with a significant presence in Oman.
  • Notable Achievements: Operated the largest gas field in Oman, Khazzan, which supplies 30% of the country’s gas needs.

3. Oman LNG

  • Industry: Oil and Gas
  • Market Influence: World’s third-largest liquefied natural gas (LNG) producer.
  • Notable Achievements: Exported over 90 million tonnes of LNG since its inception, contributing significantly to Oman’s economy.

4. Port of Salalah

  • Industry: Logistics
  • Market Influence: Oman’s largest port, handling over 60% of the country’s container traffic.
  • Notable Achievements: Recognized as one of the world’s top 10 transhipment ports, connecting Oman to global trade routes.

5. Oman Air

  • Industry: Aviation
  • Market Influence: Oman’s national airline, serving over 50 destinations worldwide.
  • Notable Achievements: Awarded numerous accolades for its service and safety, including Skytrax’s 5-Star Airline rating.

6. Bank Muscat

  • Industry: Banking
  • Market Influence: Oman’s largest bank, controlling over 40% of the banking market.
  • Notable Achievements: Expanded its operations internationally, with presence in over 10 countries.

7. Sohar Aluminium

  • Industry: Metals
  • Market Influence: Oman’s leading aluminum producer, accounting for over 40% of the country’s aluminum exports.
  • Notable Achievements: Produced over 400,000 tonnes of aluminum in 2022, contributing to Oman’s industrial development.

8. Oman Telecommunications Company (Omantel)

  • Industry: Telecommunications
  • Market Influence: Oman’s largest telecommunications provider, offering mobile, fixed-line, and internet services.
  • Notable Achievements: Pioneered the introduction of 5G technology in Oman, enhancing connectivity and innovation.

9. Petroleum Development Oman (PDO)

  • Industry: Oil and Gas
  • Market Influence: Government-owned oil and gas exploration and production company.
  • Notable Achievements: Responsibly developed Oman’s oil and gas resources, contributing to the country’s economic growth.

10. Occidental Oman

  • Industry: Oil and Gas
  • Market Influence: International oil and gas company with a long-standing presence in Oman.
  • Notable Achievements: Operated the Mukhaizna heavy oil field, contributing to Oman’s efforts to diversify its energy production.

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Aasim Qureshi