Liwa Plastics Industrial Complex (LPIC), Oman's biggest petrochemicals investment to date, is on schedule to commence commercial production later this year, a report said quoting a senior official.
The commissioning phase of the project began in May and marks the execution of the final stages of construction leading up to commercial production in the last quarter of this year.
The venture, set up with an investment of $6.7 billion, takes OQ’s Downstream portfolio in Oman a step closer to realising Oman's vision for diversification.
“We are establishing a state-of-the-art, integrated refinery and petrochemical facility combination”, said Ahmed Saleh al Jahdhami, Chief Executive Officer (Downstream) at OQ, the sultanate’s integrated energy group.
“With LPIC coming online, we are one step closer to realising our vision for diversifying our Downstream portfolio in Oman. This transformational project will firmly put the Sultanate on the global petrochemicals map and enhance OQ contribution to the national GDP,” he said.
LPIC comprises a gas extraction plant in Fahud, in Oman’s central plains; a 300 km pipeline from Fahud to Suhar on Oman’s Arabian Gulf coast, near Liwa, for which the complex is named; a steam cracker plant; and polymer plants (high-density polyethylene – HDPE), linear low-density polyethylene – LLDPE), and a polypropylene plant) in Suhar Industrial area.
