Joint Venture Agreement For Oman Methanol Project
A joint-venture agreement for the establishment of a methanol project in Sohar involving a total investment of $800mn was signed in Muscat on 17 December. The consortium is composed of Oman Methanol Holding Company (OHMC with a 30% stake), Methanol Holding (Trinidad) Ltd (50%) and Germany-based Ferrostaal (20%). The project will be developed in two phases, with a $400mn investment in each. In the first phase,...