Mubasher: The foundation stone for the project Al-Duqm refinery will be laid on Thursday in line with building the petrochemical industries complex.

Al-Duqm Refinery and Petrochemical Industries Company is a Joint Venture (JV) between Oman Oil Company (OOC) and Kuwait Petroleum International (KPI), according to Kuwait News Agency (KUNA).

This strategic partnership between the Omani and the Kuwaiti entities has been established in the incorporation of Duqm Refinery on a total area of 900 hectares, based on Al Duqm’s location in the South East Al Wusta Governorate of Oman.

“This gives the project a strategic maritime location and a competitive advantage being in the path of international shipping lines in the Indian Ocean and the Arabian Sea thus easing the process of transport in and out of the region,” KUNA said.

Once completed, the refinery will have the capacity to process around 230,000 barrels of crude oil per day.

KUNA added that “Diesel, jet fuel, naphtha, and LPG are to be its primary products. It will be one of the growth engines for the special economic zone, will provide development opportunities for new projects that will directly and indirectly interface with the refinery.”