OMAN: DRPIC begins construction on refinery, petrochemical complex
Duqm Refinery and Petrochemical Industries Co. (DRPIC) has broken ground for its refinery and petrochemical project in the Duqm Special Economic Zone of Oman, according to local news reports.
The project involves a 230,000 b/d refinery and petrochemicals production in a subsequent phase. Also included in the project are offsite facilities consisting of a product storage and export terminal in Duqm, crude storage tanks in Ras Markaz and a crude pipeline from Ras Markaz to the refinery complex. An expected completion date was not given.
"Duqm refinery will be one of the growth engines for the special economic zone," DRPIC said. "It will provide development opportunities for new projects that will directly and indirectly interface with the refinery. These projects will look to benefit from the refinery's products, as well as provide different logistics services to the refinery."
DRPIC is a joint venture of Oman Oil Co. (OOC) and Kuwait Petroleum International. It was formed in 2012 by OOC and International Petroleum Investment Co. (IPIC), but in 2016, IPIC concluded that the proposed direction of the project did not fit its investment strategy and decided to "pave the way" for new partners to join.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 30 Apr 2018
(Syed Rashid Ali, Karachi, Pakistan)