Middle East Economic Survey

VOL. LIII

No 7

15-Feb-2010

OMAN

Indias JBF Signs MOU For Oman PTA Plant

Indian petrochemicals manufacturer JBF Industries has signed a memorandum of understanding (MOU) with state-owned Oman Oil Company (OOC) to build a $680mn joint venture terephthalic acid (PTA) plant. The facility will be built at Sohar on the site of Aromatics Oman (AOL), a joint venture between OOC, Oman Refinery and Petrochemicals Company (ORPC) and LG International. The new plant will have a...