Running head: OMAN OIL COMPANY
1
Oman Oil Company Business and Operational Strategies
Student’s Name
Institutional Affiliation
, OMAN OIL COMPANY
2
Oman Oil Company
Introduction
Oman Oil Company is a national petroleum investment company based on Oman. It is
a government agency and headquartered at Muscat. It terms of company size, Oman Oil
Company has between fifty to two hundred employees. The company has a diversified
portfolio across the value chain of energy and includes refining and marketing, exploration
and production, energy and petrochemicals, among others. The incorporation of Oman Oil
Company to pursue various investment opportunities in 1996 enabled it to participate in
different projects that are energy-related. The company has significant progress in its
investment and marketing strategies, both locally and internationally, to maintain its
operations. According to Limbert (2016), Oman Oil Company also provides direct
investments in the gas and oil sectors. Through the several subsidiaries that are integral in
ensuring proper operation, the company has to increase provided great oil drilling services for
the production of crude oil among other products. However, to maintain a credible
investment process for the success of the company, deployment of and designation of explicit
investment strategies need to be in place to reduce all the risks attributed to exchange rates,
international staffing and modes of the global market entry.
Currencies for Trade
Rial and US Dollars: The success of investment strategies and processes in
companies depends on the currencies that it has chosen for its trade processes. Currencies
help in evaluating the nature of the market both locally and internationally as well as
potential customers. Oman Oil Company’s main currency for trade is Rial which has been
divided into one thousand baisas. Rial is the third strongest currency in the world. However,
to expand its scope and operation levels, Oman Oil Company is also set to the use of dollars
to revamp its operations and transactions both locally and internationally based on the quality
and quality of end products that it intends to export. The selection of dollars allows for
international sales by allowing various countries to take part in the trading system. The
choice of dollars as a means of transaction is because of the skyrocketing online trading. The
interest from dollars is also high so that both the national government and the local
government can benefit from it.
1
Oman Oil Company Business and Operational Strategies
Student’s Name
Institutional Affiliation
, OMAN OIL COMPANY
2
Oman Oil Company
Introduction
Oman Oil Company is a national petroleum investment company based on Oman. It is
a government agency and headquartered at Muscat. It terms of company size, Oman Oil
Company has between fifty to two hundred employees. The company has a diversified
portfolio across the value chain of energy and includes refining and marketing, exploration
and production, energy and petrochemicals, among others. The incorporation of Oman Oil
Company to pursue various investment opportunities in 1996 enabled it to participate in
different projects that are energy-related. The company has significant progress in its
investment and marketing strategies, both locally and internationally, to maintain its
operations. According to Limbert (2016), Oman Oil Company also provides direct
investments in the gas and oil sectors. Through the several subsidiaries that are integral in
ensuring proper operation, the company has to increase provided great oil drilling services for
the production of crude oil among other products. However, to maintain a credible
investment process for the success of the company, deployment of and designation of explicit
investment strategies need to be in place to reduce all the risks attributed to exchange rates,
international staffing and modes of the global market entry.
Currencies for Trade
Rial and US Dollars: The success of investment strategies and processes in
companies depends on the currencies that it has chosen for its trade processes. Currencies
help in evaluating the nature of the market both locally and internationally as well as
potential customers. Oman Oil Company’s main currency for trade is Rial which has been
divided into one thousand baisas. Rial is the third strongest currency in the world. However,
to expand its scope and operation levels, Oman Oil Company is also set to the use of dollars
to revamp its operations and transactions both locally and internationally based on the quality
and quality of end products that it intends to export. The selection of dollars allows for
international sales by allowing various countries to take part in the trading system. The
choice of dollars as a means of transaction is because of the skyrocketing online trading. The
interest from dollars is also high so that both the national government and the local
government can benefit from it.
