MUSCAT: The focus of development now is directed towards Duqm Port area and the promising projects there, including Duqm Refinery, Ras Markaz Terminals, the Centralised Utilities Company (CUC), which will provide water and electricity to projects in Duqm. This was stated by Salim bin Nasser al Aufi, Under-Secretary of the Ministry of Oil and Gas, during the second Oman Downstream Exhibition and Conference (ODEC), which began at Oman Convention and Exhibition Centre on Tuesday under the auspices of Sayyid Saud bin Hilal al Busaidy, Minister of State and Governor of Muscat.
“About 210,000 barrels per day are consumed by Mina al Fahl and Sohar Refineries and that the consumption will increase to 280,000-300,000 barrels per day when the expansion of Sohar Refinery is completed. The Duqm Refinery will be supplied with 80,000 barrels per day and the remaining quantity will be from the Kuwait partner. The initial results point out that Duqm Refinery will be one of the key projects in the Sultanate and it will produce 230,000 barrels per day or more in the future depending on the availability of feedstock for the petrochemical projects.
He also said that the exhibition and the conference highlight the manufacturing industries in the Sultanate, especially refineries and petrochemicals in terms of enhancing the ICV for these projects, helping Omani youth to take up leading and technical roles during the construction and operation phases of such projects. He added that many projects displayed at the exhibition are promising, and that many SMEs have already started providing their services to refineries and petrochemical sectors.
Al Aufi said that the associated projects of the refinery, namely the petrochemical projects are promising and that the partnership agreement for the construction of the refinery will be signed on April 10, and added that while Al Fahl and Sohar refineries will supply fuel to the local market, Duqm Refinery’s production will be earmarked for exports. Hilal bin Ai al Kharousi, CEO of Oman Oil Company for Duqm Development, said that international companies have great confidence in the Sultanate’s economy. — ONA