TAQA buys 25% stake in oilfield chemicals firm OPT

TAQA buys 25% stake in oilfield chemicals firm OPT

TAQA buys 25% stake in oilfield chemicals firm OPT

TAQA buys 25% stake in oilfield chemicals firm OPT

Headquartered in Houston, OPT is a fast-growing oilfield chemicals company focusing on providing specialty chemicals for well construction and stimulation.

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TAQA buys 25% stake in oilfield chemicals firm OPT

Updated 15 November 2020

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Saudi Arabia's Industrialization and Energy Services Company (TAQA) announced that it has agreed to acquire a 25 percent stake in OPT Petroleum Technologies Company Limited. Headquartered in Houston, with a presence in China, Southeast Asia, and the UAE, OPT is a fast-growing oilfield chemicals company focusing on providing specialty chemicals for well construction and stimulation. 

TAQA's strategic partnership with OPT secures access to world-class specialty chemicals and products, which comprise a key component of the success and differentiation of TAQA's services. Inspired by