OMAN

Omani state refiner Orpic has announced the preferred bidders for three of four engineering, procurement and construction (EPC) contracts for the Liwa Plastics complex. The plant will be built at Sohar for 2018 start-up. However, Orpic now estimates the total cost of the project at $5.2bn – almost 45% higher than originally anticipated.

Orpic named Italy’s Tecnimont, a joint venture of Korea’s GS Engineering and Construction and Japan’s Mitsui, and...