96% construction work at Duqm Refinery project completed

Business Saturday 17/December/2022 16:24 PM
96% construction work at Duqm Refinery project completed

Muscat: Duqm Refinery construction work has reached 96 per cent completion by the end of November 2022 and programmes have been launched to achieve operational readiness.

The Duqm Refinery project is one of the major projects being implemented in the Special Economic Zone at Duqm (SEZD), and it serves as the starting line for the plan to transform Duqm into one of the largest industrial and economic centres in the region.

The refinery is also one of the most important tributaries of development in the SEZD, as it provides direct and indirect job opportunities and development opportunities for projects, directly and indirectly, related to the refinery.

The Duqm Refinery project is a joint venture between the OQ Group and Kuwait Petroleum International. It is located in the heart of the Special Economic Zone at Duqm, which is characterised by its strategic location. The location has a competitive advantage because it is situated on the path of international shipping lines on the Indian Ocean and the Arabian Sea.

The project includes three main packages, the first package includes the main processing units of the refinery, the second includes facilities and services, and the third includes three sub-packages, which are storage and export facilities for liquid and bulk petroleum materials located in the port of Duqm, crude oil storage facilities in Ras Markaz and 81-km pipeline transportation of crude oil from Ras Markaz to Duqm Refinery.

The Duqm Refinery includes main processing units capable of producing diesel, aviation fuel, naptha, liquefied petroleum gas, sulfur and petroleum coke. To become a world-class refining company committed to providing high-quality oil products to customers all over the world, which enhances economic growth in the Duqm region and the refining position of the Sultanate of Oman to exceed 500,000 barrels per day of refined products when Duqm refinery operations, which have a capacity of 230,000 barrels per day, start operations. It is capable of handling various types of crude oil, including Omani and Kuwaiti crude.

It is noteworthy that the value of contracts for the supply of local goods and services that were awarded to local companies amounted to $1.7 billion, of which $ 166 million were for contracts for manufactured goods in the Sultanate of Oman, in addition to awarding more than $398 million to small and medium enterprises (SMEs), of which $36 million were to registered enterprises in Al Wusta Governorate alone.