OQ, Oman’s state-owned integrated energy and petrochemicals powerhouse, has established a new business stream focused on investments in renewable and alternative energy resources, according to The Oman Observer. The i...
A quarter of the construction in the Duqm refinery has been completed, and it is supposed to be completed by 2022, Times of Oman reported. The refinery is currently being completed in three bundles, two of which are u...
Total and a South Korean oil company are being considered for a partnership in the Duqm Refinery and Petrochemical Industries, Kuwait News Agency (KUNA) reported. Allowing new partners is subject to the approval of th...
Global petrochemicals company Oxea is set to invest in a planned petrochemicals complex in the Duqm special economic zone (SEZ), the Oman Observer reported. The US-based subsidiary of Oman Oil plans to establish a pla...
Kuwait’s High Petroleum Commission announced that Kuwait Petroleum International (KPI) now has a 50% share of Oman’s Duqm refinery. The refinery’s ownership was finalized during a Comission’s meeting...
Construction at the Duqm Refinery in Oman will begin next year, the Kuwait Oil Minister, Bakheet El Rashidi, said, KUNA reports. The minister indicated that $5 billion in loans for the project will be finalized duri...
Oman’s Special Economic Zone Authority in Duqm (SEZAD) awarded a $517 million contract to Boskalis Westminster (Oman) LLC to for work on the SEZAD’s liquid-berth project, Egypt Oil & Gas reports. Boskalis Westmins...
Duqm Refinery & Petrochemical Industries Company (DRPIC) awarded a $2.75 billion contract to a Spanish-Korean consortium for the construction of its main processing plants, reports Times of Oman. The consortium is...
Oman’s Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to a 50-50 joint venture between Petrofac Ltd. and Samsung Engineering, reports Reuters. The contract is for construction, engineering, t...
Oman will sign a strategic oil storage deal with Iraq in order to help expand the Sultanate as an oil-trading hub with easy access to Asian trade routes, reported The National. The two countries will sign a memorandum...