Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

Oman

Shareholder Agreement For Sohar Aromatics Complex Signed

Oman Oil Company (OOC 60%), Oman Refinery Company (ORC 20%) and Koreas LG International (20%) on 19 July signed a $956mn shareholders agreement for the Sohar Aromatics Complex. The project is scheduled to start commercial operation during the third quarter of 2008, producing 800,000 tons/year of paraxylene and 210,000 t/y of benzene using naphtha produced by the Sohar Refinery...