In just the past few weeks, Oman has announced a new oil and gas field start-up and a final date for the finalization of the Duqm refinery, itself a key part of the game-changing Duqm Project. Trading, SALEM BIN HAMAD BIN SALEM AL HABSI, Bahjat Andaam Tad, Lazak Trading Co. LLC, Alamir Gulf LLC, Roboa Al Andalus Trading Co.. This is in line broadly with the fact that the facility is jointly owned by Omans state-owned OQ (formerly the Oman Oil Company) and Kuwait Petroleum International. Al-Mahruqi studied in the UK and has a masters degree in business administration from Edinburgh Management School, along with adegree in chemical engineering from Nottingham University. The utilities and offsites package includes a utility production facility, an oil storage tank, and a sewage treatment facility. TotalEnergies Plans Synthetic Natural Gas Plant In The U.S. European Natural Gas Prices Fall On Weak Global Demand, Buffett Boosts Occidental Petroleum Stake To 24.9%, Saudi Arabia Could Cut Oil Prices For Asia Once Again, Saudi Arabia Will Have Hydrogen Buses Running In 2024, The World's First "Battery Tanker" May Become Operational This Decade, Lithium Market To Remain Tight Through 2024: Chile, UAE Sought More U.S. The refinery will consist of various process units including hydrocracking, hydro-treating, delayed coking, sulphur recovery, hydrogen generation, and merox treating units. }, Additionally, August saw the investment minister of another U.S. ally in the region - Saudi Arabias Khalid al-Falih visit Oman to discuss such opportunities and this, in turn, followed talks earlier this year over the possibility of Saudi developing an industrial zone in Oman, according to Saudi statements. Statista. Omans New Petrochemical Project Could Be A Game-Changer Please use the button below and we will bring you back here when complete. The scope of the contract included the NGL extraction facility in central Oman and a 230km-long pipeline from concession areas to the Duqm petrochemicals complex. The project also includes the construction of a product export terminal in the northern part of the Port of Duqm. Oman Oil Refineries and Petroleum Industries Company (ORPIC) is the integration of three companies - Oman Refineries and Petrochemicals Company LLC (ORPC), Aromatics Oman LLC (AOL) and Oman Polypropylene (OPP) - Orpic is one of Oman`s largest companies and is one of the rapidly growing businesses in the Middle East`s oil industry. Their production is also poised to consume an additional 56 billion cubic metres of natural gas by 2030, equal to about half of Canadas total gas consumption today, the energy agency said. A joint venture between Tcnicas Reunidas and Daewoo Engineering & Construction received an EPC contract worth approximately 1.95bn ($2.75bn) for the main refining units. The focus of this is initially on completing the Duqm Refinery but also includes a product export terminal in Duqm Port and the Duqm Refinery dedicated crude storage tanks of the Ras Markaz Oil Storage Park. The agreement is a significant milestone reached between the partners and comes at an important time in Oman, along with our 52nd national day celebrations and the near completion of the OQ8 refinery project, OQ group chief executive Talal Al Awfi said. The strategic maritime location provides immediate access to international shipping lanes in the Indian Ocean and Arabian Sea. Petrochemicals in Oman - Gulf Oil and Gas You exceeded the limit of bookmarked content(only 15 bookmarks are allowed).Please remove one of the bookmarks. Biography Barenberg joined Omani polyethylene terephthalate producer Octal Petrochemicals in 2006 and is based at its Muscat headquarters. The Government of Oman, represented by the Ministry of Finance, owns 75% of the Companys ", APICORP, Value of top petrochemical projects in Oman in 2020, by project (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1242290/oman-value-top-petrochemical-projects-by-project/ (last visited June 03, 2023), Value of top petrochemical projects in Oman in 2020, by project (in billion U.S. dollars) [Graph], APICORP, May 1, 2021. 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He has a masters in applied economics and a diploma in development management from the American University in Washington DC, as well as a bachelors degree in economics and political science from Jordan University. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Al-Wahaibi joined OOC in 1997 and prior to being made chief executive officer in 2004 served in a number of roles, including deputy chief executive officer from 2000 onwards. This follows the formation of a new government-owned company called OmanOil Refineries and Petroleum Industries, or ORPI, announced earlier this week. This could be done as part of a broader plan to build a 192 kilometer section of 36-inch pipeline running along the bed of the Oman Sea at depths of up to 1,340 meters from Mobarak Mount in Irans southern Hormuzgan province to Sohar Port in Oman for gas exports. The Sohar refinerystarted operation in 2007, and its capacity is now 116,400 b/d. Now at 87 percent completion, according to Al-Jahdhami, the refinery will receive 65 percent of its crude oil volume from Kuwait, with the remainder coming from Omani fields. In this context, the LPP will include a nominal 900,000 tonnes per annum ethylene cracking plant, a high-density polyethylene plant, a linear low-density polyethylene plant, a new polypropylene plant, a methyl tertiary butyl ether plant, a butene-1 plant, and associated utilities and off-site facilities. The ideal entry-level account for individual users. Located at the Special Economic Zone Authority of Duqm (SEZAD) on Omans Al Wusta coast, the Duqm Refinery will function alongside the US$4.6 billion Liwa Plastics Project (LPP) industrial complex, located near the Sohar Refinery, as a vital cog in Omans intended petrochemicals infrastructure. Discover more about S&P Globals offerings. If you are an admin, please authenticate by logging in again. (May 1, 2021). This statistic is not included in your account. Copyright 2023 ICT All rights reserved. The Duqm Refinery and the LPP have been specifically designed to enable Oman to capitalize on the synergies with the existing refinery and the growing global market for plastics. Please try again . We are also providing long-term EPC Call-off Services to the Oil After a spell working for the office of the deputy prime minister for financial and economic affairs, he was promoted to director general of budget and contracts in 1997. [32], OQ is active in research and development (R&D) of different products. Orpic Group merged with Oman Oil Company in 2019, and the combined business was given the moniker OQ. AMEC Foster Wheeler Engineering Consultancy was contracted to provide project management services for the EPC phase of the Duqm refinery in August 2017. With the help of a highly qualified and experienced team of technical staff of over 30 personnel, this department is actively involved in the technical trading and procurement services for the Oil, Gas, Water and Energy Industries in the Region. Separately, DRPIC is also planning to build a petrochemical complex in the special economic zone in Duqm. Biography Al-Ojaili became chief executive officer of OGC in 2005 and plays a vital role in providing the essential gas feedstock for Omans petrochemical industry. Petrochemical Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. WebFind company research, competitor information, contact details & financial data for OMAN REFINERIES AND PETROCHEMICALS CO LLC of Sohar. Only 38% of respondents viewed water as a strategic corporate initiative that is proactively managed across their operations, and just 54% used advanced measurement tools to track progress. if(window.innerWidth<=1023){var write_html='
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