Middle East Economic Survey

VOL. XLVII

No 28

12-July-2004

OMAN/UAE

OOC/ADWEA Sign MOU With Alcan For Sohar Aluminum Project

Oman Oil Company (OOC) and Abu Dhabi Water and Electricity Authority (ADWEA) on 2 July signed a memorandum of understanding (MOU) with Canadas Alcan for the joint development of a proposed 300,000 tons/year capacity aluminum smelter in the Sohar industrial area. OOC and ADWEA will each own 40% of the venture, with Alcan holding 20%. An Alcan statement said that the project...