OOC and IPIC ink MOU for potential development of refinery and petrochemical complex at Duqm

08-Oct-09

Oman Oil Company (OOC) and International Petroleum Investment Company (IPIC) have inked an MOU for the potential development of a refinery and petrochemical complex at the Oman port of Duqm. The MOU will result in an in-depth assessment of the feasibility and implementation of the proposed project, and will pave the path for the final configuration of the project. OOC is owned by the government of the Sultanate of Oman and IPIC is owned by the government of the emirate of Abu Dhabi. Initial plans for the project was estimated at 300,000 bpd, a mega polypropylene (PP) as well as mixed feedstock aromatics plants.