Complex Made Simple

Oman’s Takamul aims to diversity into petrochems sector

Takamul Investment Co, the majority-owned downstream investment arm of Oman Oil, is considering opportunities in the petrochemicals and minerals sectors to further diversify its investment portfolio, Oman Daily Observer has reported. The company is studying a plan for a chemical blending venture involving an investment of around $30m. "We are looking very actively to develop some major projects in petrochems. Beyond that, we will also be looking at looking at investments in various minerals," said Gilles Desorbay, Takamul general manager.