Oman Oil Company (OOC) on October 15, 2017, signed a partnership and cooperation agreement with Russian company Rusnano in the fields of oil and gas during the Omani-Russian Business Forum.
Said Bin Saleh Al Kiyoumi, Chairman of the Oman Chamber of Commerce and Industry (OCCI), stressed the importance of stimulating bilateral business councils, especially the Omani-Russian Business Council, said: «This is what OCCI is currently working on.»
«OCCI is working with the concerned authorities to nominate the head of the Omani side in the Omani-Russian Business Council. The next stage will witness more activity in the economic and investment field with the Russian side,» he added.
The Head of the Russian delegation hoped that this visit would open a wide door to increase and improve trade and investment relations between the private and the public sector.
He stressed on the importance of improving trade and investment relations in both countries, calling on Omani businessmen to benefit from the major investment opportunities in Russia.
The forum included presentations from the Omani and Russian sides, including a presentation by Ithraa on the benefits and incentives for investment in the Sultanate.
A working paper was presented on the development of trade and investment relations between the Sultanate and Russia that highlighted the advantages of investment in the oil and gas sectors in Russia.
