Middle East Economic Survey

VOL. LIV

No 14

1-Apr-2011

oman

OOC EP Awards $480Mn Contract For Musandam Gas Processing Plant

The upstream subsidiary of state-owned Oman Oil Company, Oman Oil Company Exploration and Production (OOC EP), revealed on 31 March that it had awarded Koreas Hyundai Engineering Company (HEC) a contract worth a total of $480mn for the implementation of a gas processing plant in the Omani exclave of Musandam. Under the terms of the engineering, procurement and...