Oman Economic Review – August 2018

(avery) #1

BUSINESS BRIEFS


10 August 2018

Oman Oil starts selling lubricants in East Africa


Oman Oil Marketing Company has signed an
agreement with Hass Petroleum Group, one of
East Africa’s leading oil marketing companies,
to start selling its lubricants in Kenya. In line
with the partnership, which was signed by David
Kalife, Oman Oil Marketing Company CEO and
Issa Sheikh Mohamed, CEO of Hass Petroleum
Group, the specially formulated Omani lubri-
cants will be sold in Kenya starting July 2018.


“A key component in our growth strategy
moving forward is focussed on identifying new
business leads and expanding the geographical
reach of our products beyond Oman’s
borders,” said Kalife. “We are confident that
this partnership with Hass Petroleum will not
only reinforce the trade relations between the
Sultanate and Kenya but also help establish
new streams of collaboration between the two

nations and other neighboring countries.”

As the most developed nation in East
Africa, Kenya boosts tremendous business
opportunities supported by its location and
strong logistic infrastructure, making it an ideal
port for imports to inland countries.

Building on this strategic advantage, Oman
Oil Marketing Company plans to expand its
distribution network from Kenya to neighbouring
countries including Uganda, Tanzania, and the
Democratic Republic of Congo.

“The Kenyan lubricants market is valued at about
$180mn to our economy annually, most of this,
noticeably coming in from the transport and
industrial sectors,” said Issa Sheikh Mohamed.
“This partnership will cement Hass petroleum
group’s stake in this lucrative market by providing
unique additive formulations for excellent engine
protection recommended by major equipment
manufacturers of modern personal and commercial
vehicles now common in our market.”

Khazaen awards


RO2.6mn


consultancy


contract to Atkins


Khazaen Economic City (KEC), the master
developer of the first integrated economic city in
northern Oman, has appointed Atkins, a member
of the SNC-Lavalin Group, as a lead consultant
for Khazaen’s master planning, design and
supervision work, for RO2.6mn.


“We are delighted to appoint Atkins as
the lead consultant for Khazaen. This is a
demonstration of our approach of entering
partnerships with global firms with a proven
track record in delivering truly outstanding
projects and also implementing true in-
country value,” Eng Kalat G Al Bulooshi,
chairman of KEC said. “Today’s award of the
contracts comes after months of in-depth
evaluation and discussions with each of the
shortlisted firms. Atkins will lead the concept
master plan and detailed master plan work for
the project, which is expected to take around
six months to complete,” he added.


Atkins’ scope of work includes full consultancy
services for the integrated urban planning of
the city covering 51.5 million square metres,
detailed master plan, environmental assessment,
sustainability assessment, engineering designs
for infrastructures and utilities, preparation and
evaluation of construction tenders for various
infrastructure work of the city. The scope of work
also includes supervising the implementation of
the first phase of the infrastructure of Khazaen.

Al Bulooshi added that the contract is for five
years, and can be extended for two additional
years upon mutual agreement. The priority will be

on completing the engineering and design work
of about five million square metres area related to
the first phase of the logistics and industrial area,
the dry port, the truck terminal project, the central
fruit and vegetables market and the central auto
market, in addition to the head office of Khazaen.

“It is a fantastic for us to be retained to assist
Khazaen Economic City. This is an exciting time
to be part of the realisation of such an important
project in Oman’s economic expansion, and
we are looking forward to bringing our projects
expertise to this development,” Marco Malpiedi,
Atkins’ managing director for Oman, said.
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