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Key pact signed Key pact signed for new $2.4bn refinery at Oman’s Duqm SEZ Jul 03, 2021 Plans for the implementation of a privately-owned oil refinery at Duqm Special Economic Zone have been firmed up following the signing of a key agreement with a well-known Canadian-based international technology provider. Muscat-headquartered Ras Madrakah Petroleum Industry Company (RMPIC), described as the first and only privately-owned entity to obtain a licence from the Omani government to develop a refinery in the Sultanate, plans to establish a roughly 200,000 barrels per day (bpd) capacity plant in the SEZ at an estimated cost of $2.4 billion. When eventually operational, the project will reinforce Duqm’s credentials as a regional refining and petrochemicals powerhouse, anchored by Omani-Kuwaiti OQ8’s world-scale 230,000 bpd grassroots refinery currently in an advanced stage of execution at the SEZ and due to launch in 2023.

Al wustáuRyan changSultanate of omanPetrochemical engineering companyYanchang petroleum international limiteda hong kongGenoil incRas madrakah petroleum industry companyDuqm special economic zoneMadrakah petroleum industry companyGenoil hydroconversion upgraderBeijing petrochemical engineering companyFront end engineering designYanchang petroleum international limitedHong kongGenoil duqm refineryயான் சாங்