Oman Oil Co to progress petrochem ventures worth OMR700mn
Oman Oil Company (OOC), the wholly government owned energy investment firm, plans to progress the implementation of three strategically significant petrochemical ventures next year. All three schemes – the Salalah Liquefied Petroleum Gas (LPG) project of Oman Gas Company, the purified terephthalic acid (PTA) and polyethylene terephthalate (PET) complex of Oman International Petrochemical Industries Company (OMPET), and the ammonia project of Salalah Methanol Company – will be sent to OOC’s board for approval in the coming weeks, according to a top official of the holding company. (Oman Observer)
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