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Oman Studying Building New Petrochemicals Project in Duqm

Oman’s state energy holding company OQ is studying the prospect of building a new petrochemicals plant in Duqm, following the November announcement of suspension of front-end engineering and design (feed) work on its proposed Duqm Petrochemicals project in the sultanate.

 

OQ has been evaluating strategies for a potential petrochemicals producing plant in Duqm by itself for “quite some time now”, according to sources.

 

UK-headquartered Wood Group has been hired by OQ as a consultant to undertake study work for the potential petrochemical project, one source said.

 

Wood had also performed the feed work on the estimated $7bn Duqm Petrochemicals project, while Australian firm Worley is the project management consultant (PMC) supporting Wood during the feed phase.

 

OQ is “most likely settled” on Duqm as the location for the potential new project, due to the advantage of proximity to the upcoming Duqm Refinery complex as the main feedstock source, another source said.

 

Being early in the study phase, the potential project’s output capacity is yet to be decided, the second source said.

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