Oman Oil Company to invest US800 mln to set up petrochemicals plant at Sohar Industrial Port

Oman Oil Company, the wholly Omani government owned energy investment vehicle, has announced plans to invest around US$800 mln to set up a major petrochemicals plant at Sohar Industrial Port. With a capacity to produce 1 mln tpa), the project will manufacture Purified Terephthalic Acid (PTA) and Polyethylene Terephthalate (PET).
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