Oman’s plans to squeeze more out of its crude oil output will begin to pay off in 2018 when a refinery expansion, products pipeline and plastics project are all complete. However, costs for the latter keep rising.
Oman Oil Refineries and Petroleum Industries Company (Orpic) now expects to spend around $8bn on three projects centered around its refinery at Sohar, which will transform it from a conventional refiner into an integrated refining and petrochemicals company. (CONTINUED - 751 WORDS)
