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Sultanate of Oman

Sultanate_of_OmanThe Partex Oil and Gas Group is also in the gas business with LNG processing in Oman.
Oman LNG produces LNG from the two trains of its plant located near Sur and sells it mainly to Korea and Japan. The third train has just started-up and is owned by a separate company, Qalhat LNG, shared by the Government of Oman, OLNG, Union Fenosa, Mitsubishi, Osaka Gas and Itochu. Partex is therefore, indirectly, also a shareholder of QLNG.

Partex has been a partner (1%) with the Mukhaizna Production Sharing Agreement, in the Sultanate of Oman since July 2005.

Until the signature of the participation agreements with host Governments in the 70s, the Partex Oil and Gas Group held 5% of the concession companies. After the 60% nationalization by the Governments, the group participations were reduced proportionally to 2%, the present holdings.
In Oman, the Group and its original partners are shareholders of some of the largest oil and gas companies in the world.
In the onshore crude oil concessions, the agreements ensure that concessionary companies shareholders have direct access to the oil production. Thus, the Partex Oil and Gas Group is entitled to its share of the PDO (Oman Blend) crude oil and sells its equity oil in the international market.

OGWA Exhibition and Conference 2012

The 2012 Oil and Gas West Asia (OGWA) Exhibition and Conference took place in Muscat from 16th to 18th April 2012.
Partex was present with a stand in the Exhibition that was honoured by the visit of His Highness Sayyid Assad bin Tariq Al Said, Representative of His Majesty Sultan Qaboos bin Said.
His Highness had extremely kind words of appreciation “for the good services rendered by Partex to Oman”.
In what concerns the Conference, one paper was presented on "Microbial Enhanced Oil Recovery (MEOR)", co-authored by Laura Soares, from Partex and researchers from the Portuguese Universities of Minho and Aveiro, summarizing the results of a joint R&D project.
In addition, José Lozano chaired one session on EOR projects based on Alkaline Surfactant Polymers Flooding.