In a recent development, Oman’s pioneering LPG Company National Gas SAOG has entered into a significant joint venture agreement with Gulf Cryo, Kuwait’s leading industrial and specialty gases manufacturer.
Oman is one of the rising economies of the GCC and the joint venture (JV) will allow the Gulf Cryo group to invest and expand into this promising market.
The new JV company will be known as National Gulf Cryo LLC.
Gulf Cryo Holding is the leading manufacturer of industrial, medical and specialty gases in the Middle East, founded as the Kuwait Oxygen Company in 1953.
The group’s proud team of over 600 professionals delivers a complete line of gases from over 18 manufacturing plants and product supply units, through a dedicated distribution network of pipelines, intermediate bulk containers and tanker truck fleets.
Headquartered in Kuwait, Gulf Cryo boasts extensive operations and manufacturing facilities in the United Arab Emirates (UAE), Qatar, Saudi Arabia, Jordan, Syria, Bahrain and Pakistan.
The group serves diverse industries, offering uninterrupted supply to industries such as petrochemicals, healthcare & medical, chemicals, oil & gas, food & beverages, and pharmaceutical, as well as the diving, glass, metal fabrication, plastics, utilities and wastewater treatment sectors.
National Gulf Cryo will henceforth regulate the manufacture and marketing of industrial gas business in the Sultanate. The joint venture will further facilitate investment in industrial gas projects, investing in the storage, distribution, and filling of industrial gas and enhancing even higher standards in production facilities.
As pioneers in innovative energy solutions in Oman, National Gas SAOG has a number of industry firsts and latest in energy technologies to its credit.
The company retains its strong leadership position in the Omani market, boasting the largest LPG infrastructure and the highest consumer base in the Sultanate.
With a bottling capacity in excess of 2 million cylinders per annum, it also caters to industries all across the country.