Muscat – The new venture, named TFG-OOMCO LLC, will operate under a shareholder’s agreement signed on December 24, 2024, following the receipt of all necessary approvals from relevant authorities.

Under the agreement, OOMCO will hold a 49 percent stake, while TFG Marine will own the majority share of 51 percent. The total equity for the venture amounts to RO 134,750. The new company will focus on meeting the growing demand for high-quality marine fuels at the ports of Muscat, Duqm, and Sohar, ensuring compliance with the highest international health, safety, and environmental standards.

TFG-OOMCO LLC is expected to begin operations in the first quarter of 2025, offering marine fuel supply services for vessels operating within the territorial waters of the Sultanate of Oman.

In a disclosure on Muscat Stock Exchange, OOMCO highlighted that the partnership aims to enhance the supply of essential fuel for the maritime sector, reinforcing Oman’s position as a key player in the region’s shipping and logistics industries.