OTI becomes 100% government owned

Muscat, November 26th 2015 – Oman Trading International (OTI) was incorporated in 2006 as a joint venture between Oman Oil Company (OOC) and Vitol. OTI was established with the primary objective of trading oil, petroleum products and petrochemicals in the global market place.

In November 2015, Vitol’s shareholding in OTI was transferred to the State General Reserve Fund – meaning OTI is now proudly 100% owned by the Government of the Sultanate of Oman.

With a strong sense of our Omani heritage and identity, but with global aspirations, we have become a partner of choice for many large companies in the industry.

We are now the 3rd largest offtaker of Omani crude, supported by an exclusivity deal with Orpic Refineries, and trade 16 million tonnes of energy products sourced from around the world each year.