Duqm Refinery & Petrochemical Industries Company (DRPIC) awarded a $2.75-billion contract to a Spanish-Korean consortium for the construction of its main processing plants.
Oman’s Duqm Refinery and Petrochemical Industries awarded a $2 billion contract to a 50-50 joint venture between Petrofac Ltd. and Samsung Engineering
Oman will sign a strategic oil storage deal with Iraq to expand trading capacity.
The state-owned Oman Oil Company (OOC), the national petroleum investment company, plans to progress the implementation of three strategically petrochemical ventures by 2017. The total investment worth $1.81b.