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Oman’s Duqm petrochemical project postponed for now

11/4/2020

The Duqm Refinery and Petrochemicals Industries Company (DRPIC) of Oman stated recently that the petrochemical portion of its Duqm Refinery and Petrochemical Complex has paused its progress. The COVID-19 effect on the company’s economics has been called the likely reason for this postponement.

This petrochemical activity is the second phase of the integrated complex being planned in Duqm’s Special Economic Zone. DRPIC added that although the petrochemical work is indeed postponed, the designs for these aspects have been finalized and that investment projects in Duqm are moving ahead as planned.

DRPIC also clarified that this postponement of petrochemical movement does not affect the company’s plans for the refinery portion of the project. This 230,000 barrel per day refinery, which is slated to produce mostly diesel, jet fuel, naphtha, and LPG, is more than 50% complete and is reportedly on pace for startup in the first quarter of 2022.