Orpic receives 5 bids for polymer plant in Sohar, 3 bids for NGL extraction plant in Fahud

12-Aug-15

Oman Oil Refineries and Petroleum Industries Company (Orpic) has received five technical bids for a polymers plant in Sohar industrial area and three technical bids for an NGL extraction plant in Fahud, which are part of its mega petrochemical project -- Liwa Plastics Industries Complex. Bidding is now underway for four engineering, procurement and construction (EPC) bid packages of Orpic's Liwa Plastics Industries Complex, which consists of a polymers plant in Sohar's industrial area, an NGL extraction plant in Fahud, a steam cracker plant, and a 300-km pipeline from Fahud to Sohar, according to a company release. A number of bids are also expected on the steam cracker and pipeline packages by mid-August. Orpic is on track to conclude evaluation of bids for all the packages early October 2015, with the final investment decision to be decided by the end of October 2015. Once bids are submitted for the remaining two packages, they will be evaluated in October 2015 and awarded soon after. The project has already obtained environmental permits from the Ministry of Environment and Climate Affairs, and has been granted gas allocation, and is finalising the gas supply agreements, with the Ministry of Gas