Middle East Economic Survey

VOL. XLVII

No 46

15-November-2004

OMAN

OOC, LG And NPC Sign Shareholders Agreement For Sohar EDC Plant

State-owned Oman Oil Company (OOC) on 7 November announced the signing of a shareholders agreement with South Koreas LG International and Irans National Petrochemical Company (NPC) for the construction of a 300,000 tons/year capacity ethylene dichloride (EDC) plant in the Sohar Port Industrial Area. OOCs share in the $300mn planned venture is 33.4%, with LG and NPC...