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Oman Oil Company plans to invest $1b this year, says CEO


Muscat: A whopping investment of $1 billion is being planned by Oman’s state investment arm, Oman Oil Company, and its subsidiaries to build various projects this year, according to a top-level official of the state-owned firm.

These projects include various upstream and downstream oil and gas projects across the country.

The major projects of Oman Oil Company (OOC), which are in different stages of planning and implementation, include Salalah LPG project, an ammonia project (expansion of Salalah Methanol unit), Duqm gas pipeline, Sohar-Wadi Al Jissi gas pipeline, a mega crude storage facility at Ras Al Markaz (near Duqm) and several other projects in Duqm free zone.

“Salalah LPG project has already been approved by the board and we are negotiating with banks for a financial closure in the next few weeks. We are also going to recommend to our board an ammonia project, which is a (downstream) expansion of Salalah Methanol project,” Isam Al Zadjali, chief executive officer of Oman Oil Company, told journalists on the sidelines of an event to sign a production sharing agreement for developing block 48 oil field.

He said that OOC is also building the Duqm gas pipeline and another gas pipeline between Sohar and Wadi Al Jissi. “Our plan is to build another crude oil storage facility in Ras Markaz,” he added.

Duqm projects

Referring to the proposed projects in Duqm, Al Zadjali said that all projects planned by the state-owned company in coordination with Duqm authority are on schedule. The OOC in 2013 had said that the group is planning to invest a whopping $15 billion in Duqm in various projects. “But I have to admit that the financial situation has put little dent.”

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Source: Times of Oman

Sohar refinery upgrade to boost output by 70pc


More than 99 per cent of the work on the Sohar Refinery Improvement Project (SRIP) has been completed and the project is just months away from being brought on stream, said a report.

With the completion of the crude distillation, vacuum distillation and Kero-Merox units, SRIP will boost its refining output boosted by around 70 per cent, reported Oman Observer.

The upgraded refinery marks the end of a three-year-long expansion and modernisation programme involving a total investment of around $2.1 billion.

When fully operational, the revamped refinery will not only be equipped to meet the nation’s galloping demand for motor fuels and refined petroleum products, but crucially, it will also be suitably configured to process heavier Omani crudes.

With this latter capability, Orpic will, if it chooses, be able to import for the first time crudes that offer not only higher profit margins, but also result in a mix of fuels and byproducts suited to the nation’s requirements as well as its wider operations, say experts.

When fully operational with an enhanced refining capacity of 187,000 barrels per stream day (up from an existing capacity of 116,000 bpsd), the upgraded facility will contribute to hefty increases in the output of key fuels and petroleum by-products.



 

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Source: www.tradearabia.com

Khazzan tight gas project in Oman to start production by 2017 fourth quarter


Muscat: Oman’s Khazzan tight gas project is on schedule to start first natural gas production on commercial basis in the fourth quarter of this year, according to a top-level official at the Ministry of Oil and Gas.

Located on a previously undeveloped desert site 350 kilometres south of Muscat, work on the Khazzan tight gas project began in 2014 and the completed development will eventually contribute roughly a third of Oman’s natural gas supply.

“All wells are being drilled. Hopefully by June, we will start commissioning of the plant and in August, one of the gas processing trains will start operation and the second one will follow suit,” said Salim Al Aufi, undersecretary at the Ministry of Oil and Gas, while addressing the fourth Argus Middle East Crude Conference here last week.

Although the plan is to drill 50 wells initially to start commercial production, more than 300 wells will eventually be drilled over the lifetime of the project. BP has plans in place with extensions for contributing 1.5 billion cubic feet of gas per day to the Omani economy.

The vast majority of the infrastructure is already in place, which include lengthy roads, power lines, broadband networks and water pipelines.

BP Oman is lead partner in the project with a 60 per cent interest in Khazzan project, while Oman Oil Company Exploration & Production holds 40 per cent.

Al Aufi also said that PDO’s Harweel gas injection project is also progressing well. Another solar steam generation project in Rima is also on schedule and will help the country in diversifying steam generation for oil and gas industry.

Al Jifnain terminal

Referring to the Al Jifnain terminal project (which is part of the 290-kilometer long Muscat Sohar Product Pipeline), Al Aufi said that the terminal will be commissioned in June this year. It is a centralised storage tank for refined products and is built by the state-owned Oman Oil Refineries and Petroleum Industries Company (Orpic).

Also, the proposed Duqm Refinery, which will have a capacity to process 200,000-230,000 barrels, will be completed in 2019. “We will be building an associated gas line and crude oil line.”

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Source: Times of Oman

Saving on expenditure in oil and gas sector at $1.5 billion


Muscat: Oman was able to reduce its expenditure in oil and gas sector to the tune of $1.5 billion in 2016, compared to its original budgeted expenditure. Also, the ministry of oil and gas could redeploy 3,500-4,000 Omani workers from oil and gas sector within the industry and other areas.

“We definitely managed to reduce substantial cost from the budget and increased production,” said Salim Al Aufi, undersecretary at the Ministry of Oil and Gas.

The Sultanate’s govement had initiated a major exercise to cut all non-priority expenditures and waste and improve efficiency amid dwindling oil prices. This was in close coordination with operators and contractors as they collaborated to share resources and ideas.

Al Aufi also said that the ministry could redeploy 3,500-4,000 workers in the oil and gas sector within the industry and other sectors in late 2015 and 2016.

Presently, only 140-150 workers in the sector need redeployment. “We worked extremely hard to redeploy Omani workers around the rest of the industry – tourism and other industries. This is helping us to maintain some kind of healthy employment environment for Omani talents,” the undersecretary further said.

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Source: Times of Oman

PDO Projects Investments of $20B over Next 5 Years


Petroleum Development Oman (PDO) projects investments of around $20 billion being ploughed into its oil and gas operations over the next five years, although capital expenditure is anticipated to be curtailed further in 2017 and beyond, a top official said.

Raoul Restucci (pictured), Managing Director, said the majority state-owned company will continue to run a lean and efficiency operation going into 2017, while however keeping activity levels at full tilt.

“As far as the outlook for 2017 is concerned, you are going to see a company performing as well as in 2016 and before,” Restucci said. “We will be focusing on minimising capital requirements, improving efficiency, finding self-reliant ways of funding ourselves, continuing with our LEAN programmes, continuing with our ICV programmes, and so on. So we stay the course on all the key foundations. We are very much excited, and we have a number of opportunities, which we are continuing to progress and deliver.”

Cuts in capital expenditure are expected to mirror those in 2016, the Managing Director said. “We are doing are best obviously to reduce (capex), not only for 2017 but also 2018. But there will be very high levels of activity, and very high levels of drilling. We drilled more than 600 wells in 2016 and we are going doing the same in 2017. So activity wise, we are continuing very strongly!” Commenting on PDO’s share of the 45,000 barrels per day (bpd) output cut that Oman has pledged as part of a global deal to bolster oil prices, Restucci stated: “We will take an equitable percentage; we will review the timing and deliver what the Ministry of Oil & Gas seeks in this regard.”

Significantly, a production cut will pose “no issues” for the company’s operations, the Managing Director noted. “We have a portfolio which is robust and strong.

We are looking at increasing incremental activities but in the short term, if we are requested to cut down a little bit, it’s not going to be an issue. We will only have to optimise the scheduling of our (maintenance shutdown) activities.” Asked if the company would resort to international borrowings in 2017 as well, Restucci said PDO is currently coordinating with the government on the need for, and the timing of, new debt in the coming year. The company raised around $4 billion in finance from international lenders in June this year.

“We are discussing with the Ministry of Finance the optimum timing (for any new debt). At the moment the ministry is well positioned to secure additional funding, so if they want us to we will, but at this stage we are on standby,” he said, adding that the ministry is well-geared to secure the next round of financing.

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Source: Gulf Oil & Gas

Orpic focuses on strengthening ICV while building Liwa Plastics complex


Muscat: State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) has major plans to strengthen in-country-value (ICV) and local employment, while building its mega Liwa Plastics Industries project, with a total capital expenditure of $6.5 billion.

The ICV and procurement teams have begun a new practice to ring-fence a number of tenders who are suitable to small and medium enterprises, in terms of their capabilities to ensure 10 per cent allocations to local businesses, Christiaan van der Wouden, chief operating officer of Orpic, told Times of Oman.

“We have allocated a certain scope for either SMEs or local suppliers for those scopes, which are currently being undertaken by international suppliers,” he added.

The company’s ICV strategy is to support business development, human capability development, and productivity stimulation in the Omani economy through the retention of maximum in –country value. To achieve this, the ICV department aims at reaching authentication (made in Oman) of the materials procured by Orpic and development of human capital in all Orpic projects, by ensuring at least 30 per cent Omanisation across all categories and levels.

Sustainable development of Omani small and medium enterprises (SMEs) will be assured through the support of those directly linked to Orpic’s business.

Local small and medium enterprises are expected to immensely benefit from the business opportunities, which include sub-contracting works, purchase orders, and support services available from major contracting firms.

Orpic has already awarded four major packages to multinational contracting firms for building Liwa Plastics Industries, at a total cost of $4.5 billion.

Employment potential

The Orpic COO said that the LPIC project is expected to create about 900 direct, and some 12,000 indirect jobs, during the project lifetime.

Upon commissioning in 2020, Liwa Plastics Industries Complex will transform Orpic’s product mix and business model, double company profits, create new business opportunities, generate significant employment opportunities and support the development of a downstream plastics industry in Oman.

With the highly integrated complex in Sohar, including refineries, aromatics plants, steam cracker and downstream polypropylene and polyethylene plants, the operation will be one of the best integrated refinery and petrochemical facility combinations in the world, and will be able to achieve the maximum value-add for Oman’s hydrocarbon molecule.

“Currently, we are in a detailed engineering phase. Our people have been deployed at the EPC’s offices in Seoul, Milan, The Hague and New Delhi and,overall, the project is on track,” noted Wouden.

The ground breaking ceremony for the Sohar part of the LPIC project was held in October 2016.

Liwa Plastics Industries Complex is the largest of the three strategic growth projects (Sohar Refinery Improvement Project and Muscat Sohar product Pipeline) undertaken by Orpic to achieve its vision of building an Omani integrated refining and petrochemical business.

Commercial production is scheduled for early 2020.

Following LPIC’s commissioning, plastics production is forecast to increase by more than one million tonnes, giving Orpic a total of 1.4 million tonnes of polyethylene and polypropylene production.

“We have a dedicated polymer marketing team that looks after the marketing and distribution of our ‘Luban,’ brand,” he added.

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Source: Times of Oman

Oman crude hits 18-month high at $55


Muscat: Omani crude oil moved beyond $55 per barrel for the first time in 18 months, as oil producing countries see the results of OPEC’s late 2016 pact to reduce production.

Omani crude futures, due for March delivery, traded at $55.04, an increase of 26 cents since last trading on the Dubai Mercantile Exchange, as compliance by oil producing countries kicked off this month.

The agreement in Vienna concluded with OPEC nations and independent producers of crude oil agreeing on a combined output cut of nearly 1.8 million barrels per day (bpd) beginning this month, in order to control the global supply glut that brought prices to a 15-year low. Oman’s Ministry of Oil and Gas has pledged a production cut of 45,000 bpd.

Prices have soared by 20 per cent since the agreement was announced, but experts believe economic stability would return to Oman only if this rally is sustained by continuous price increases. “It is a great start to 2017, but it is too early to predict anything. Unless there is stability in prices, which is hard to predict, there is very little optimism,” said an economist at a leading firm in Oman.

“The present oil price should sustain for at least short to medium term to have a positive impact on the economy, reducing the deficit and in achieving medium-term fiscal and economic stability, said Mohammed Nayaz, advisory partner at Ernst & Young.

“If this happens we will see an increased activity in the economy in terms of the Government releasing development projects in the priority sectors which were withheld in 2016 due to the low oil prices,” he said.

Although the agreement has led to an unprecedented price rally for the first time in three years, the sheer number of variables involved has left experts sceptical.

Speculation

The OPEC agreement is often played down due to speculation about cheating by nations involved in the agreement and over concerns about increased production in countries that are not part of the agreement. Stronger US dollar among other factors could also cap or derail oil price rally.

“Oil at $55 is excellent, however, there is US shale and other countries ramping up oil production that can disrupt this deal. We hope prices go higher though,” said Mohammed Khalid, Country Manager at Descon Engineering.

“If the deal goes through as intended, we will see oil at $60 to $65. At the moment, there are sustainability issues. All we have for now is that firings will stop temporarily and we can clear our finances with ease at these prices, but if we want to look at new projects in the oil and gas sector, prices must be at $65 per barrel,” he added.

Phil Flynn, senior market analyst at The Price Futures Group in the United States, said if nations adhere to the pledged cuts, prices could reach $65 per barrel.

“This is a historic move by OPEC, and compliance should set the stage for oil to move to $65 a barrel. Oman has committed to cut 45,000 barrels, which I believe they will adhere to,” he said.

According to Abdullah Al Mandhari, CEO of EOR LLC, Oman must cut production from fields that are high cost producing and focus on enhanced oil recovery to honour the agreement and keep improving production facilities.

“We can increase our national income by cutting down production from high cost production fields. Also, budgets from these fields can be channelled to innovative technologies and to the EOR Innovation Center to bring about lower cost innovations in production to Oman, and economical access to those oil reserves we have failed to produce from for over three, and even four decades after their discovery. This will guarantee a very lucrative oil-based economic future for Oman,” he explained.

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Source: Times of Oman

Orpic offers $400m worth of contracts to small units


Muscat: State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) is offering business opportunities worth of $400 million for small and medium enterprises (SMEs) for developing its $6.5 billion-Liwa Plastics Industries Complex.

These business opportunities, including sub-contracting works, will be awarded by four main contractors who have won these packages as part of in-country value (ICV) obligation.

Orpic has already awarded four major packages to multinational contracting firms for building Liwa Plastics Industries Complex with a total cost of $4.5 billion.

“There is an in-country value obligation in the contract with EPC contractors. These are in four categories, including purchase of local materials and service, which has to be a minimum of 25 per cent,” said Ibrahim Al Maamari, ICV manager at Orpic. “We are expecting to reach around 30-35 per cent ICV.” He was talking to the media on the sidelines of a three-day SME exhibition, which opened on Monday at the new Oman International Exhibition Centre.

Local small and medium enterprises are expected to immensely benefit from the business opportunities (which include sub-contracting works, purchase orders, and support services) available from major contracting firms.

Among the four packages, a joint venture of CB&I and CTCI Corporation joint venture was awarded a contract for a steam cracker and utilities, Italy’s Tecnimont won a contract for plastics units, a consortium of South Korea’s GS Engineering and Construction and Japan’s Mitsui & Co won a contract for natural gas liquids extraction facilities and India’s Punj Lloyd bagged a contract for building a pipeline between Fahud and Sohar.

“The value of the first EPC package is $2.8 billion and a 10 per cent of this contract (equivalent to $280 million) will be available for SMEs. The same will be applied to the remaining three packages. We are talking about businesses worth of $400 million for SMEs,” added Al Maamari.

He said that Orpic has been conducting inter-active workshops betweenthe main contractors and potential small and medium enterprises to help small units to get business from these projects. Several contract opportunities are available for small units, which include site preparation, transport, information technology, electrical and mechanical work and construction opportunities.

However, he noted that small and medium enterprises are facing difficulties in grabbing these opportunities. The main contracting firms prefer to award sub-contracts to those small companies who can deliver it on time. “We have to bridge the gap between SME capabilities and the market requirement.”

Liwa Plastics Industries Complex is one of the strategic growth projects being undertaken by Orpic as part of its transformational journey. The $6.5 billion project, which is scheduled for commissioning in 2020, will transform Orpic’s product mix and business model, double company profit, create new business opportunities, generate significant employment opportunities and support the development of a downstream plastics industry in Oman.

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Source: Times of Oman

Sizable gas allocation for Orpic's LPIC project in Oman


MUSCAT: Nov 20: The Omani govement has allotted 3 million standard cubic metres per day (mmscm3/d) of natural gas as feedstock for the $6.5 billion Liwa Plastics Industrial Complex (LPIC) project currently under implementation by Orpic, the nation’s refining and petrochemicals flagship, at Sohar Port. The allocation, coming amid supply constraints that have limited gas allotments to only vital consumers such as power generation and water desalination schemes, underscores the strategic importance of the LPIC project to the Sultanate’s strategic national goals.
“We have been allocated 3.0 mmscm3/d of gas for 20 years by the (Financial Affairs and Energy Resources Council),” said Henk Pauw (pictured), General Manager — Liwa Plastics Industries Complex Project.
“Following LPIC’s commissioning, polymers production is forecasted to increase by more than 1.1 million tonnes, giving Orpic a total of 1.4 million tonnes of polyethylene and polypropylene production,” he added in comments to the Observer.
Pauw described the LPIC scheme as the biggest of three strategic growth projects (the other two being the Sohar Refinery Improvement Project SRIP 2016 and the Muscat-Sohar Product Pipeline MSPP 2017), being undertaken by Orpic to achieve its vision of building an Omani integrated refining and petrochemicals business.
“Upon commissioning in 2020, Liwa Plastics Industries Complex will transform Orpic’s product mix and business model, double our company’s profit, create new business opportunities, generate significant employment opportunities and support the development of a downstream plastics industry in Oman,” the Pauw stated.
Significantly, natural gas as feedstock for the project will come from Fahud, an important hub from where gas is supplied to major consumers across the northe half of the Sultanate.
Pauw explained: “Fahud is the northe Omani hub for gas collection as several gas fields come together, including (BP’s) Khazzan gas, before it goes to the end customers who are mainly in Muscat and Sohar.  LPIC’s facility (NGL Extraction Plant) there is a straddling this supply, so we are not relying on one source of gas but have multiple sources.”
The project — billed as the largest industrial investment in Oman’s history — is on track with Orpic staff currently deployed at the offices of LPIC’s engineering-procurement-construction (EPC) contractors in Seoul, Milan, The Hague and New Delhi.  Following the groundbreaking at LPIC’s Sohar site last month, site preparation and piling have since commenced, he said.
Asked for his take on the potential for downstream investments that capitalize on LPIC’s polymer output, the General Manager said: “This depends on the needs of the local businesses but there are various opportunities to supply services, consumables but also for converting LPIC polymers into new products. Similar clusters in the GCC exist and have shown huge potential for growth.”
Orpic can support the creation of a downstream plastics industry in Oman by providing them with high quality raw materials and also support them with technical expertise, the official further noted.
The company’s decision not to secure long-term offtake agreements covering LPIC’s output — a step that’s generally prescribed when tapping inteational institutions for funding — was a testament to the project’s robust commercial viability, he noted.
“This is one of one of LPIC’s achievements that we were able to convince our lenders we do not need offtake agreements. Orpic’s Sales and Marketing team will take care of our products. This is yet another example of keeping as much value as possible in Oman, gain valuable experience to use in other areas and create highly skilled jobs for Omanis,” Pauw said.
“With the highly integrated complex in Sohar including the Refineries, Aromatics Plant, Steam Cracker and the downstream Polypropylene and Polyethylene Plants, the operation will be one of the best integrated refinery and petrochemical facility combinations in the region,” the Pauw added.

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Source: Oman Observer

Oman Oil, Kuwait Petroleum sign deal on Duqm refinery


Muscat: Oman Oil Company (OOC), the Sultanate’s investment arm in the energy and energy-related sectors, and Kuwait Petroleum International (KPI), the international subsidiary of Kuwait Petroleum Corporation (KPC), on Wednesday signed a memorandum of understanding (MoU) to cooperate in the development of Duqm Refinery and Petrochemical Complex in Duqm (SEZD).

The strategic partnership is part of the efforts being made to seek further investment opportunities that open doors to develop major industrial projects in Duqm.

Both firms are aiming to reach a long standing partnership to own, manage and operate a refinery and at a later phase, a petrochemical complex in Duqm. It is envisaged that both parties will own equal shares in a joint venture company for such purpose.

Meanwhile, partners are exploring additional participation from strategic third parties. This project is amongst the Sultanate's most significant undertakings to date in the energy and petrochemical field, with the potential to serve as the springboard for Duqm’s planned transformation into one of the largest industrial and economic hubs in the region.

A 900-hectare site has already been allocated for the project and the leveling has been completed as per schedule. The final investment decision is expected to be taken by the second quarter of 2017. “OOC is keen on partnering with strategic companies to help develop promising projects, and continues to play a significant role in developing and diversifying the regional and national economy,” said Eng. Isam Al Zedjali, chief executive officer of OOC.

“We look forward to a successful partnership with Kuwait Petroleum International to continue envisioning and developing joint investment projects, serving mutual interests. We also hope that this partnership will bring about new opportunities and prospects in the energy related sector."

Nizar Al Adsani, deputy chairman and chief executive officer of Kuwait Petroleum Corporation (KPC) highlighted the importance of the MoU agreement, saying: “This potential opportunity exemplifies the spirit of economic cooperation between our two great nations and helps achieve two major milestones, namely satisfying KPC’s strategy of investing in strategic markets, in regions that strengthen and consolidate KPC’s current markets and building strong economic ties with a sister GCC country".

“We all hope that this project will be the catalyst and ignition towards the start of similar projects in the energy field between GCC countries where this mega project will ultimately lead towards transforming the Duqm area into one of the most important hubs for energy related industries regionally as well as internationally, eventually leading to a move from classical competition between GCC countries towards integrating and complimenting each other," he added.

The MoU was signed on behalf of OOC by Hilal bin Ali Al Kharousi, Acting Executive Managing Director of Duqm Holding and Bakheet Al Rashidi, CEO of Kuwait Petroleum International Ltd (KPI), at Crowne Plaza Hotel in the Special Economic Zone in Duqm (SEZD).

Bakheet Al Rashidi, CEO of Kuwait Petroleum International (KPI) stated: “In addition to the local Omani rich experience in the oil related industries, KPI’s ample international experience in mega refinery and petrochemical projects, which KPI will cross fertilize and bring about to the Duqm Project from its European and Asian operations, will further support and guarantee the success of the project and will create a pool of regionally trained work force for this project and future projects in the oil industry".

"This opportunity has attracted vast local and international attention due to its unique nature, as well as the benefits it will bring about to the region and two countries, in addition to paving the road for further cooperation between both countries," added Al Rashidi.

Duqm Refinery project is located in the special economic zone in Duqm (SEZD), in Al Wusta region. 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. The refinery once completed will have the capacity to process 230,000 barrels of crude oil per day that will serve both local and international markets.

The Duqm Refinery and Petrochemical Industries Company was founded in 2012 as a joint venture between Oman Oil Company (OOC) and the International Petroleum Investment Company (IPIC). This partnership has resulted in the completion of substantial work, driven through the project's Steering Committee and the Board of Directors. However, IPIC concluded this year that the proposed new direction of the project, which includes petrochemicals, does not fit its investment strategy and decided to pave the way for new partners to enter the project.

Duqm Refinery will be one of the growth engines for the special economic zone. It will provide development opportunities for new projects that will directly and indirectly interface with the refinery.

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Source: Times of Oman

Commercial operation of Sohar Refinery Improvement Project expected in second quarter of 2017


Muscat: Commercial operations of Sohar Refinery Improvement Project are expected by the early part of the second quarter of 2017.

The expanded capacity will be stabilised for sustained operations by the end of the same quarter, according to a senior official of Oman Oil Refineries and Petroleum Industries Company (Orpic), which owns the Sultanate’s two refineries.

“Construction activities are in the advanced stage of completion for major units and likely to be completed by end of 2016. Commissioning activities have already been started for utilities facilities,” said Christiaan van der Wouden, chief operating officer of Orpic.

Sohar Refinery Improvement Project (SRIP) is one of the three strategic growth projects undertaken by Orpic and is being delivered in response to the need to upgrade Orpic’s refining capability to further maximise the value of Omani crude oil.

“Once SRIP becomes fully operational, crude processing capacity of Sohar Refinery will increase by around 70 per cent and production of major high value products will increase from 34 per cent to 159 per cent,” he added.

After completing the project, crude refining capacity will surge ahead by 72 per cent to 28,222 metric tonnes per day, while production of gasoline (petrol) and gasoil (diesel) will grow by 43 per cent and 141 per cent, respectively. Also, production of LPG, naphtha, kerosene and propylene will increase by 93 per cent, 159 per cent, 98 per cent and 56 per cent.

Sohar Refinery Improvement Project is one among three major projects undertaken by Orpic to achieve its vision of building an Omani integrated refining and petrochemical business. The other two major projects, which are currently under implementation, are Liwa Plastics Industries Complex (LPIC) and Muscat-Sohar Product Pipeline.

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Source: Times of Oman

Oman reveals list of approved bidders for proposed refinery project


Duqm Refinery & Petrochemical Industries Co. LLC (DRPIC), Muscat, a joint venture of state-owned Oman Oil Co. and the United Arab Emirates’ Inteational Petroleum Investment Co. (IPIC), has revealed its shortlist of prequalified tenderers selected to bid on design and construction of a grassroots 230,000-b/d refinery to be built in Oman’s Duqm Special Economic Zone (SEZAD) in Duqm.

Selected in November 2015 (OGJ Online, Dec. 18, 2015), the list of preapproved entities includes a combination of seven joint ventures, alliances, and sole entities composed of 15 inteational companies that have been invited to submit bids for engineering, procurement, and construction (EPC) of the planned refinery, DRPIC said.

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Source: http://www.ogj.com/

GA-EMS electrostatic separators selected for Oman refinery


General Atomics Electromagnetic Systems (GA-EMS) has received an order for a 180-module Gulftronic electrostatic separator for installation at the Oman Oil Refineries and Petroleum Industries Co. SAOC (Orpic) Sohar refinery in the Sultanate of Oman. The Gulftronic system will replace an existing mechanical filtration system installed in 2008 at Orpic’s Sohar refinery to meet the plant’s operational demand. 

 

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Source: http://www.hydrocarbonprocessing.com/

Award for Oman's Duqm Refinery packages for Q4 2016


MUSCAT :

Dec 13: A pair of multi-billion dollar contracts linked to the establishment of a major greenfield refinery at the Duqm Special Economic Zone in Oman’s Wusta Goveorate will be awarded towards the end of 2016, according to a key project official.

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Source: Oman Observer

Downstream plastic industry set to grow in Oman


MUSCAT: Downstream plastic industry in Oman is expected to grow in the coming years, said a senior official at the Public Establishment for Industrial Estates (PEIE).

The upstream industry is already performing well and a good downstream industry is expected to take shape, Hilal bin Hamad Al Hasani, chief executive officer (CEO) of PEIE, told reporters on Tuesday.


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Source: Times Of Oman

Orpic completes $3.8 billion funding for Liwa Plastics Industries


Muscat: State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said that the company has closed its Liwa Plastic Industries Complex’s $3.8 billion project financing facility for its $6.5 billion project.

This follows Orpic’s December 2015 announcement of the successful award of engineering, procurement and construction (EPC) contracts to deliver its landmark Liwa Plastics Industries Project (LPIC), according to a press statement.

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Source: Times Of Oman

Oman's Sohar Refinery improvement project achieves major safety milestone


Muscat: Orpic’s Sohar Refinery Improvement Project (SRIP) has achieved a major milestone of 20 million man hours without Lost Time Injury (LTI).

With more than 12,000 people on site, SRIP is one of the key strategic growth projects which is scheduled for commissioning in 2016.

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Source: Times Of Oman

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