Muscat, 25th April 2005

Oman Oil Marketing Company SAOG (OOMCO) recently hosted its Annual Dealer Event at the Grand Hyatt, Muscat. The evening was attended by over 90 people including; site owners and business partners.

OOMCO shared details of the 2004 Company and Filling Station performance with attendees who were also being informed of the plans for 2005 in the Retail area.

With the recent announcement of OOMCO’s 2004 financial results and a RO 2.7 million pre tax profit, Mike Wilson, Managing Director of OOMCO began the evening with an introduction to the future. “We aspire to build on the positive foundations set in 2004 by maintaining sustainable business growth both within and outside of Oman”.

Paul Philips, OOMCO Retail Manager continued by summarising retail performance for 2004 and outlining the vision for 2005. “Increasing the number and quality of filling station sites, along with further improving customer service remains our main priority”.

OOMCO aspires to enhance the omanoil brand with omanoil becoming the customers’ first choice for quality fuels as the only 100% Omani owned fuels marketing company. In 2005, OOMCO looks forward to opening a number of new sites as well as the refurbishment of a number of key existing locations.

In addition to retail investment in its physical assets, growth opportunities continue to exist with fuel cards as customer’s switch from ‘cash to plastic’.

OOMCO offers two fuel cards, the Ejaba credit based card which is aimed at fleet operators both in government and private sectors and the Wayak ‘pre-paid’ card for individual or small to medium fleets. Sadiq Al Moosawi, Fuel Cards Manager, stated; “Since the new ‘smart’ cards were launched in 2003 the growth has been overwhelming.”

Many new initiatives will be introduced in 2005 including, new card benefits and features, technology, government accounts and the upgrading of telephone technology to speed up’ card transactions. Mike Wilson concluded, “It is a very exciting stage in our development and we look forward to surpassing all previous successes in 2005.”