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Oman to float Duqm Refinery FEED contract by early 2013
- Oman: Sunday, September 23 - 2012 at 09:28
Oman's Duqm Refinery and Petrochemical Industries Co (DRPIC) has announced commencement of preliminary engineering design work on a giant refinery complex at Duqm, marking a key step in the development of a major petrochemicals hub on Oman's Wusta coast, Oman Daily Observer has reported. The $6bn project's preliminary design will provide the groundwork for the all-important Front End Engineering Design (FEED) due to be tendered out by around the end of this year, or early in 2013, the firm said. DRPIC is a 50-50 joint venture of Oman Oil Co (OOC) and IPIC, a commercial entity owned by the government of Abu Dhabi. The JV is overseeing the development of 11.5 million tonnes per annum (230,000 barrels per day) grassroots refinery at the Duqm Special Economic Zone, to be followed by investments in downstream petrochemical projects in the second phase.
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