Middle East Economic Survey
OOC Selects GIC To Replace ABB As Polypropylene Project Partner
Oman Oil Company OOC on 28 June announced an in principle agreement for the sale of a 20% interest in Oman Polypropylene (OPP) to Gulf Investment Corporation (GIC). OOC since last April, when ABB Lummus Global withdrew from the venture, OOP, a joint venture between OOC and LG International of Korea, has been looking for new partner (MEES, 12 April). Under the terms of the...