DEAL SIGNED FOR DUQM REFINERY

MUSCAT: Duqm Refinery signed contracts with its Engineering, Procurement, and Construction (EPC) contractors for the construction of the 230,000 bpd refinery in Duqm.
This was a follow-up from the intention to award EPCs contracts announced by the project last year.
The signing ceremony was attended by Yahya bin Saeed al Jabri, Chairman of the Special Economic Zone Authority at Duqm (SEZAD), in the presence of Esam bin Saud al Zedjali, CEO of Oman Oil Company, Chairman of Duqm Refinery, Nabil Borsieli, President of Kuwait Petroleum International, Deputy Chairman of Duqm Refinery, Hilal al Kharousi, Deputy Chairman of Duqm Refinery Company and other officials.
Speaking on the occasion, Al Jabri said that the refinery project will have a positive impact on the zone as this is the second largest one in the zone after Duqm Port.
Nabil Borsieli, said: “This mega project will ultimately transform Duqm zone into one of the most important hubs for encouraging and promoting energy related industries regionally, as well as internationally.”
He added: “The project creates a great value proposition and can enhance prosperity for both countries”.
Al Kharousi said: “This is indeed a very important milestone for the project as it signifies the seriousness of the shareholder’s decision to proceed with the project. This project will boost the development efforts in Duqm”.
He added: “The financing of the project has reached an advanced stage and we aim to issue a notice to proceed to contractors very soon”.
Duqm Refinery’s EPC scope of work was divided into three separate packages. The scope of EPC 1 includes the process units of the refinery, while package 2 consists of the utilities and offsite facilities. Package 3 includes the product export terminal at Duqm Port. The Duqm Refinery dedicated crude storage tanks in Ras Markaz and the 80 km interconnecting pipeline from these crude tanks to Duqm Refinery.
Duqm Refinery project is a 50/50 joint venture between Oman Oil Company and Kuwait Petroleum International. — ONA