Port of Sohar and Mashael Group of Companies signed a $200 million agreement for the construction of the first specialised bitumen refinery (called Sohar Bitumen Refinery) in the Gulf, Times of Oman reported.
The bitumen refinery is set to break ground by the end of this year in the Port of Sohar area and be completed by 2012. The Sohar Bitumen Refinery will target the niche bitumen market. The plant will utilize the latest technologies to provide a one-stop bitumen supply center with a capacity of 30,000 barrels per day, producing up to one million tonnes of bitumen a year where about 20 percent of the production is prioritized for the Omani market.
The industrial Port of Sohar, a 50:50 joint venture between the Government of the Sultanate of Oman and the Port of Rotterdam, is managed by SIPC. With current investments exceeding $12 billion, Port of Sohar is one of the world's largest port development projects. Sohar houses three clusters: logistics, petrochemicals and metals.
Some of world's leading companies such as Air Liquide, Alcan, Hutchison Port Holdings, Larsen & Toubro, LG, MAN Ferrostaal, Methanol Holding International, Odfjell, Oiltanking, Shadeed Iron & Steel, Steinweg and Suez have already made Sohar their preferred port of call.
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The bitumen refinery is set to break ground by the end of this year in the Port of Sohar area and be completed by 2012. The Sohar Bitumen Refinery will target the niche bitumen market. The plant will utilize the latest technologies to provide a one-stop bitumen supply center with a capacity of 30,000 barrels per day, producing up to one million tonnes of bitumen a year where about 20 percent of the production is prioritized for the Omani market.
The industrial Port of Sohar, a 50:50 joint venture between the Government of the Sultanate of Oman and the Port of Rotterdam, is managed by SIPC. With current investments exceeding $12 billion, Port of Sohar is one of the world's largest port development projects. Sohar houses three clusters: logistics, petrochemicals and metals.
Some of world's leading companies such as Air Liquide, Alcan, Hutchison Port Holdings, Larsen & Toubro, LG, MAN Ferrostaal, Methanol Holding International, Odfjell, Oiltanking, Shadeed Iron & Steel, Steinweg and Suez have already made Sohar their preferred port of call.
MENA News Headlines
Jun 1 2009 Iraqi-UAE business conf. starts in Sharjah, Aswat Al-Iraq
(MENAFN - Aswat Al-Iraq) A conference on Iraqi-United Arab Emirates business conference started in the UAE city of al-Sharjah on Sunday, attended by Iraqi Deputy Prime Minister Rafie al-Issawi. ...
Jun 1 2009 Iraqi official: Crude oil export in Kurdish area to officially start Monday, Aswat Al-Iraq
(MENAFN - Aswat Al-Iraq) Preparations were finalized to officially export crude oil from the Iraqi Kurdistan region's oilfields to the Turkish port of Ceyhan as of Monday...
Jun 1 2009 Official: Iraq to re-merge into global economic system, Aswat Al-Iraq
(MENAFN - Aswat Al-Iraq) Iraq seeks to re-merge into the global economic system, according to the Iraq National Investment Commission on Sunday, expecting the country's gross domestic product (GDP)...
Jun 1 2009 Iraq- Gas pumping from Kirkuk resumed after 6-year pause, Aswat Al-Iraq
(MENAFN - Aswat Al-Iraq) The Iraqi Ministry of Oil on Sunday resumed the pumping of gas from Kirkuk fields after a six-year hiatus, according to a ministry spokesperson. ...
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(MENAFN - Aswat Al-Iraq) The Iraqi Stock Exchange (ISX) on Sunday held its seventh electronic trading session, where 54 million shares were traded at a value of 82 million Iraqi dinars (ID) ($70...
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7 Days
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Saudi freezes billionaire accounts
2.
Qatar to record highest GDP growth in world
3.
Iraqi official: Crude oil export in Kurdish area to officially start Monday
4.
Saudi - GCC Sukuk market on road to recovery
5.
Regulatory climate for Islamic banking in Azerbaijan 'much more favorable now'
6.
Jordan- Banned Red Bull product not marketed in MENA
7.
Saudi - Investments based on Shariah cross $1.5tr
8.
Vodafone Qatar offers new services
9.
Official: Iraq to re-merge into global economic system
10.
Oman- Workshop to identify public and private sectors problems
MENAFN-Currency07
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