Partex World Wide:
Until the signature of the participation agreements with the 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 Abu Dhabi and Oman, the Group is a shareholder, together with its original partners, of some of the largest oil and gas companies in the world.
In the onshore crude oil concessions, in both countries, the agreements provide that the shareholders in the concessionary companies have direct access to the oil production. Thus, the Partex Oil and Gas Group is entitled to its share of the ADCO (Murban) and PDO (Oman Blend) crude oils and sells its equity oil in the international market.
Since July 2005, Partex is also a partner (1%) in the Mukhaizna Production Sharing Agreement, in the Sultanate of Oman.
The Partex Oil and Gas Group is also in the gas business, LPG and Pentane extraction from associated gas in Abu Dhabi and LNG processing in Oman.
In GASCO, the shareholders also have direct access to their shares of the production and Partex sells its equity entitlements of LPG (butane and propane) and Pentane in the international market.
Oman LNG produces LNG from the two trains of its plant located near Sur, sells it mainly to Korea and Japan and distributes annual dividends to the shareholders. 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 thus, indirectly, also a shareholder of QLNG.
In the Sultanate of Oman, Partex is also a shareholder of GISCO (Gas Investments and Services Company) a company set-up to finance the construction and operation of the 360 km feedgas pipeline to Oman LNG. Shell and Total are the other shareholders.
In Abu Dhabi and Oman, the Group is a shareholder, together with its original partners, of some of the largest oil and gas companies in the world.
In the onshore crude oil concessions, in both countries, the agreements provide that the shareholders in the concessionary companies have direct access to the oil production. Thus, the Partex Oil and Gas Group is entitled to its share of the ADCO (Murban) and PDO (Oman Blend) crude oils and sells its equity oil in the international market.
Since July 2005, Partex is also a partner (1%) in the Mukhaizna Production Sharing Agreement, in the Sultanate of Oman.
The Partex Oil and Gas Group is also in the gas business, LPG and Pentane extraction from associated gas in Abu Dhabi and LNG processing in Oman.
In GASCO, the shareholders also have direct access to their shares of the production and Partex sells its equity entitlements of LPG (butane and propane) and Pentane in the international market.
Oman LNG produces LNG from the two trains of its plant located near Sur, sells it mainly to Korea and Japan and distributes annual dividends to the shareholders. 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 thus, indirectly, also a shareholder of QLNG.
In the Sultanate of Oman, Partex is also a shareholder of GISCO (Gas Investments and Services Company) a company set-up to finance the construction and operation of the 360 km feedgas pipeline to Oman LNG. Shell and Total are the other shareholders.
