Oman to award contracts for Liwa Plastics, Salalah LPG plants

15-Dec-15

Oman is close to awarding construction contracts and reaching financial close for its planned Liwa Plastics petrochemicals complex and Salalah LPG plant, as per sources in Platts. Approximately US$5.2 bln of funding is set to be in place for state-owned Oil Refineries and Petroleum Industries Co's (Orpic) Liwa Plastics project by the end of the year. Contracts worth US$2.8 billion were awarded in late November to Netherlands-based CB and I and Taiwan's CTCI for the construction of an 880,000 tpa ethylene cracker and methyl tert-butyl ether plants. Further contracts are expected to be signed -- Italy's Tecnimont will build three plastics plants, South Korea's GS Engineering and Construction and Japan's Mitsui will build a natural gas liquids plant at Fahud, and India's Punj Lloyd will build a new pipeline connecting the gas plant to Sohar.