Oman Oil plans $800m PTA project
- Oman: Wednesday, October 03 - 2012 at 02:16
Oman Oil Co (OOC) is planning to set up a mega $800m petrochemical project to produce one million tonnes of purified terephthalic acid (PTA) and Polyethylene terephthalate (PET) in Sohar, Times of Oman has reported. The state-owned firm is now establishing a separate company and formed a project team, who are working on the project, said Nasser bin Khamis Al Jashmi, undersecretary of the oil and gas ministry. "We are now establishing a separate company for (establishing) the project. The petrochemical project will get its feedstock from Sohar Refinery," added Al Jashmi, who is also the chairman of OOC.
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