Oman prepare series of projects for PTA,PET and PIA
OOC, as a wholly-owned company by the Government of the Sultanate of Oman is investing in the exploration and production of the local oil and gas resources but is also mandated to contribute to the economical and social development of the country.
The Sultanate of Oman sees in the downstream chain the major component of its progressive strategy for the future in providing a balanced benefit between the foreign investors and the locals.
Some large projects had been already announced in Oman:
– Duqm refinery for $6 billion capital expenditure
– Sohar refinery expansion for 1.5 billion capital expenditure
– Salalah Ethylen Dichloride for $500 million
In addition to these investments, Takamul is working on a list of petrochemical greenfield projects in the magnitude of $500 – $1 billion capital expenditure, some involving OOC and foreign companies.
Oman plans high added value derivatives in Sohar
If to be aligned on the Sohar refinery expansion, this project be developed on fast track in 2013.
Metaxylene is part of these critical intermediates to produce the high added value petrochemical products interesting Oman.
Metaxylene is the feedstock for the production of purified isophthalic acid (PIA), used for high performance unsaturated polyesters and PET resins.
As metaxylene and PIA are intermediates to be combined primarily with actual hydrocarbons products manufactured by the ORPIC refinery and aromatic units, ORPIC should be involved in these projects.
Furthermore, Takamul is considering a:
– OOC LPG derivatives facility
In addition Takamul intends to integrate additional functions to support this industrial development in providing utilities, centralized maintenance services, facilities management services.
With Takamul, the national oil company Oman Oil Company is not only developing an integrated upstream–downstream business model with all the refining and petrochemical projects in perspective, but also setting the foundations for building up a local expertise around the oil and gas and petrochemical sector.