KUWAIT, The laying of the foundation stone for the project to overhaul Al-Duqm refinery and build the petrochemical industries complex will be on Thursday.
Al-Duqm Refinery and Petrochemical Industries Company L.L.C is a Joint Venture (JV) between Oman Oil Company (OOC) and Kuwait Petroleum International (KPI).
This strategic partnership between OOC and KPI has been established in the incorporation of Duqm Refinery, based in Al-Duqm located in the South East Al-Wusta Governorate of the Sultanate of Oman.
This gives the project a strategic maritime location and a competitive advantage being in the path of international shipping lines in the Indian Ocean and the Arabian Sea thus easing the process of transport in and out of the region.
Al-Duqm Refinery will be established on a total area of 900 hectares. Once completed, it will have the capacity to process around 230,000 barrels of crude oil per day. Diesel, jet fuel, naphtha and LPG are to be its primary products. It will be one of the growth engines for the special economic zone, will provide development opportunities for new projects that will directly and indirectly interface with the refinery.
Source: Kuwait News Agency