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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.
These are an expansion of crude distillation capacity at Sohar refinery from 116,000 b/d to 197,000 b/d, a 290km products pipeline network linking the Sohar and 106,000 b/d Mina al-Fahal refineries with strategic storage facilities, and the 1.1mn tons/year Liwa Plastics complex.
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