Oman Eyes 2018 Completion Of Linked Downstream Projects, But Liwa Cost Rising

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...