State-run Oman Oil Company has begun feasibility studies covering Phase Two of development of the Duqm refinery and petrochemicals complex, a report said.
Kuwait Petroleum International has confirmed its interest to take part in the development, subject to the outcome of the feasibility study.
“We are committed to the feasibility study, and have begun a detailed feasibility study with our partner (Oman Oil Company),” said Bakheet Shabib al Rashidi, CEO — Kuwait Petroleum International.
“Based on the results — and we are expecting the results to be positive — we are committed to (being part) of the project as much as we can.”
Al Rashidi made the comments after yesterday’s signing of partnership agreements with Oman Oil Company for the development of Phase One of the Duqm refinery and petrochemical complex.
“We are relying on the integration of the (proposed) petrochemicals complex with the refinery operations,” Al Rashidi said.