Oman is working with consultancy Mckinsey & Co to integrate its refining and petrochemical industries into one entity, a senior Omani official and a financial source familiar with the matter said.
“The work is being carried out by McKinsey. It is not finished yet,” the senior official told Reuters on condition of anonymity.
In recent years, Gulf countries have looked at ways to shake-up their oil firms, including privatizations, to make them more efficient during a period of low oil prices.
Saudi Arabia is seeking a public listing for its flagship oil company Saudi Aramco, while Abu Dhabi National Oil Co has embarked on a plan to privatize its services business and has signed deals with global partners on upstream projects.
