07/19/2013

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OMAN: OIPIC being established as venture to build PTA & PET project

The project, to be located at the Sohar Industrial Port, will have the capacity to produce 1.1-million t/y of PTA and 500,000 t/y of PET. It will be built in two phases, with operations expected to begin by the end of 2016.

Last year, Oman Oil and LG International signed a joint development agreement for the project. At that time it was reported that Oman Oil would hold a 70% interest in the $850-million complex.(Syed Rashid Ali, Karachi, Pakistan)
Source: Weekly "PetroChemical News", Durham, NC, USA; 1 July 2013

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