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Markets :: Basic Chemicals :: Petrochemicals :: Propylene

Oman details $3.6-billion investment in petchems at Ṣuḥār

3:11 AM MDT | May 29, 2013 | Natasha Alperowicz

Oman Oil Refineries and Petroleum Co. (Orpic; Muscat), plans to invest $3.6 billion to develop a petrochemicals complex near the Ṣuḥār, Oman, refinery, which will provide raw materials for a planned downstream plastics-based industry in Oman, reports the local media, confirming earlier announcements. Together, the projects would require an investment of some $5 billion.    Musab Al Mahrouqi, Orpic’s CEO, said earlier this week that the project will be implemented in tandem with the Ṣuḥār refinery improvement scheme. The projects will...

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