The Salalah Free Zone (SFZ) last week signed a “usufruct” deal to construct a 150,000 b/d refinery in Oman’s southern city of Salalah. The agreement for the $2.5bn (OM 962mn) refinery was signed between Salalah Free Zone and the CEO of Salalah Refinery, and notably doesn’t yet include any party with downstream experience. There had been no prior indication that Oman was pursuing a refinery project in the country’s third city. Usufruct is a legal term implying a...