Mubasher: Oman-based National Gas and National Gas and Industrialization Company (GASCO) are considering available opportunities for expanding their business in Saudi Arabia.
The two firms further noted that they are evaluating studies for this potential expansion, according to a statement to the Saudi Stock Exchange (Tadawul), and the Muscat Securities Market (MSM).
In March, the Saudi and Omani companies inked a memorandum of understanding (MoU) to explore the possible investments in liquefied petroleum gas (LPG) sector.
GASCO is the only distributor of LPG in Saudi Arabia.
