VOL. XLII

No 40

4-October-1999

OMAN

BP Amoco Withdraws From Proposed Petrochemical Plant In Oman

BP Amoco has confirmed to MEES that it has withdrawnfrom a proposed petrochemical project in Oman. BP Amoco cited concerns aboutthe impact of the Asian financial crisis and the availability of feedstock asthe reasons behind its decision. The Omani Government selected BP Chemicals as itsforeign partner for the world-scale project in November 1996. The cost of theproject was estimated at $900mn and a...