OQ Base Industries

OQBI’s 365 ktpa ammonia plant, commissioned in 2022, integrates hydrogen-rich purge gas from its methanol plant and reached 97% utilization in H1 2024.

The plant includes gas processing, storage (23 Kt for propane/butane, 7.8 Kt for condensate), loading, utilities, and achieved 98% utilization in H1 2024.

Methanol is crucial for chemical production and is a vital feedstock for manufacturing everyday consumer goods such as plastics, plywood and industrial solvents.

OQBI produces 1.8 million tons annually of methanol, ammonia, and liquefied petroleum gas derivatives, exporting globally to over 15 countries across three continents.

OQBI provides high-quality, reliable products for critical applications, from consumer goods to alternative fuel production, using advanced infrastructure and technical expertise.

The Dubai Financial Services Authority (DFSA) has not approved or reviewed the announcement or related documents.

Our agile and compact facility in the Salalah Free Zone, is designed to be flexible and responsive, enabling us to quickly adapt to market demands and consistently meet the needs of our clients, both locally and globally.

Innovation, plants and business model – energy

OQ Base Industries (OQBI) is conducting detailed feasibility studies for expanding its methanol production capacity in Oman. The company is assessing various financing strategies to support future growth initiatives, according to senior leadership.

Sep 2026Oman ObserverNews article

OQ Base Industries reports an 86% increase in net profit for the first half of 2026, reaching RO 43.5 million. The company’s audited results show significant growth compared to the same period in 2025. This marks a strong financial performance for the industrial conglomerate’s HI segment.

Sep 2026Oman ObserverNews article

Deepak Oman Industries secures a ten-year ammonia supply deal with OQ Base Industries to support its new $100 million sodium nitrite and nitrate production facility in Salalah. The agreement leverages ammonia from OQBI’s integrated petrochemical complex, enabling downstream chemical manufacturing. This project aims to strengthen Oman’s industrial capabilities in specialty chemicals.

Feb 2026Global Flow ControlNews article

Oman’s OQ Base Industries (OQBI) saw its shares drop 3.6% to **107 baisa** on its first trading day, closing below the **111 baisa** offer price. The methanol, ammonia, and LPG producer opened at **100 baisa**, marking a **10% discount** from its IPO range. Over **65 million shares** traded, making it the most active GCC IPO debut on the Muscat Stock Exchange.

Dec 2024SahmikNews article