Business Reporter -
MUSCAT, APRIL 24 -
Duqm Refinery and Petrochemical Industries Company will celebrate its groundbreaking tomorrow, April 26, under the auspices of His Highness Sayyid Haitham bin Tareq al Said, Minister of Heritage and Culture. The event will be attended by senior officials and representatives from Oman and Kuwait. The ceremony will be held at the construction site of the project in the Special Economic Zone Authority of Duqm (SEZAD). The event is set to mark an important step forward in the development of a world-class integrated refining and petrochemicals project.
A consortium between Oman Oil Company and Kuwait Petroleum International, the refinery aims to boost the refining industry of Oman and Kuwait and to enhance Duqm position as a new business hub in the region. The joint resources, best practices and knowledge as well as the commitment between the two parties is set to render the project as a new landmark in Oman’s energy sector.
Duqm Refinery project will be one of the growth engines for SEZAD. The project location gives it a strategic maritime position and a competitive advantage being in the path of international shipping lines. This mega project will ultimately lead towards transforming the Duqm area into one of the most important hubs for energy related industries regionally and internationally.
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