OQ Base Industries (OQBI) is proceeding with detailed studies for a proposed expansion of its methanol plant as the company evaluates a range of financing options for future growth projects, senior executives said. The expansion, initially disclosed in the company’s initial public offering prospectus, remains under technical and operational assessment, Acting Chief Executive Officer and Chief Operating Officer Ihsan al Jandal said during a presentation on OQBI’s first-half performance. The company intends to distribute RO 26.9 million to shareholders in October, comprising a RO 18-million base dividend and a proposed RO 8.9-million performance linked payment. The distributions remain subject to shareholder approval.