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

04-Oct-12
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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