15 Hrs
Source:
الوطن
Oxy Oman aids local SMEs
Occidental Oman (“Oxy Oman”) showcased its initiatives to strengthen local content and develop small and medium-sized enterprises (SMEs). It said local content accounted for 41.5% of its supply-chain spending through the end of the second quarter of 2026, while spending on SMEs reached 19%. The company also supported 57 contracts linked to local content. Oxy Oman signed three agreements with Omani companies to supply wellhead equipment, variable-frequency drive units and flanges. Its “Esham” programme provided 89 job opportunities in 2024 and 2025 and secured a further 360 opportunities for 2026–2028. Meanwhile, the “Tasharak” programme supported 17 SMEs employing around 450 people and trained more than 160 participants.
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