German specialty chemicals manufacturer Oxea, a wholly-owned subsidiary of state firm Oman Oil Company (OOC), is considering building a new petrochemicals plant in the Duqm Special Economic Zone on Oman’s Arabia Sea Coast, according to the Oman Daily Observer. OOC bought Oxea from US private equity firm Advent International in 2013 at a cost of $2.4bn (MEES, 18 October 2013). Oxea is the world’s second largest producer of oxo-chemicals – aldehydes produced by adding...