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FINANCIAL NEWS
Oman Oil Co aims ammonia project in Salalah
14 Jul 2017
(MENAFN) Oman Oil Co., the government-owned energy investment arm, is aiming to launch an ammonia project that will be developed downstream of its recent methanol plant in Salalah Zone.
Moreover, this plan follows the firm having recently inked deals for its USD826mn Salalah LPG Extraction Project.
Additionally, the fiscal closure for the USD750mn ammonia project, part of a trio of OOC-backed energy and petrochemical schemes under different stages of development is under way.
Accordingly, the LPG extraction venture is the first of a sizeable portfolio of new investments recently in hand for development.
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MENAFN1407201700450000ID1095622310
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