Middle East Economic Survey
OMC Plans Second Methanol Plant At Sohar
The shareholders of Oman Methanol Company (OMC) have agreed in principle to set up a second 1.05mn tons/year methanol plant in Sohar, on the site where the first plant is being built. In April this year Germanys MAN Ferrostaal was selected to build the first $500mn/1.05mn t/y facility (MEES, 18 April). Completion is scheduled for September 2007. The target for financial closure for the second...