Middle East Economic Survey


No 28



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...