Posts Tagged ‘Oman’

Oman Oil accelerates downstream with Takamul petrochemical projects

Takamul at FEED stage for Salalah Ammonia Project The Omani Takamul Investment Company (Takamul) is moving forward in the downstream sector with petrochemical projects at Salalah in the south of the Sultanate and at Sohar in the north. Acting as the chemical branch of the Oman Oil Company (OOC or […]

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BP and Oman Oil signed Khazzan and Makarem tight gas project

BP – OOC start Oman Block-61 development phase-1 BP and the Sultanate of Oman took one year to align on a $16 billion capital expenditure program to develop the first phase of the Khazzan and Makarem tight gas fields of the Block 61 in the center of Oman. With this […]

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Oman Gas Company in strategic shift to added value petrochemicals

OGC to invest $3.5 billion in LPG and NGL projects The national Oman Gas Company SAOC (OGC) is preparing a strategic shift from its historical midstream activities toward liquid petroleum gas (LPG) and natural gas liquids (NGL) extraction and transformation for petrochemical use. In 2000, OGC was established by Royal Decree […]

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Oman Oil and IPIC evaluate bids on $6 billion Duqm Refinery Project

Oman Oil and IPIC to award Duqm Refinery FEED soon The national Oman Oil Company (Oman Oil or OOC) and the Abu Dhabi sovereign founds International Petroleum Investment Company (IPIC) are reaching the final evaluation stage of the commercial and technical bids submitted by international engineering companies to carry out […]

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ORPIC kick off plastic industry at Sohar in Oman

ORPIC Liwa Platics Project to reach FEED stage The Oman Refinery and Petroleum Industries Company (ORPIC) confirmed to have called for tender the front end engineering and design (FEED) work for its $3.6 billion petrochemical complex to produce plastics in Al-Liwa, close to Sohar in the north of Oman. To […]

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Oman Oil scales up Duqm Refinery and Petrochemical complex project

OOC and Takamul to build world-scale storage terminal On January 2013, Oman Oil Company (OOC) and Takamul Investment Company (Takamul), both companies from the Sultanate of Oman, established a joint venture to build one of the world largest oil storage terminal at Raz Markaz in Oman. Called Oman Tank Terminal […]

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BP Oman Full Field Development phase-1 at bid stage

Block 61 among world largest tight gas development In January 2013, BP received the technical and commercial offers from the engineering companies bidding on the key packages of its Block 61 tight gas full field development phase-1 project in the Sultanate of Oman. Last September, BP had announced to scale up its […]

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PDO plans for Marmul Polymer Project phases 2 and 3

Oman to invest $1 billion in new Chemical EOR Petroleum Development Oman (PDO) is working on the expansion of its Marmul Polymer project with flooding enhanced oil recovery (EOR) technique to maintain and increase the current production of heavy crude oil. Oman is one of the first country in the […]

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BP to increase capital expenditure to $27 billion annually by 2020

BP to focus on crude oil Exploration & Production  UK major BP PLc (BP) is planning to increase its capital expenditure per year from $19 billion in 2011 and $22 billion in 2012 to $24 billion in 2014 and $27 billion by 2020. After Macondo blow and TNK-BP turbulences, BP is […]

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Sinopec in brief

To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As […]

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