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FINANCIAL NEWS
Oman Oil, Kuwait Petroleum ink deal on Duqm refinery
10 Nov 2016
(MENAFN) Oman Oil Co. and Kuwait Petroleum Intl’ signed a memorandum of understanding to co-op in the development of Duqm Refinery and Petrochemical Complex.
Moreover, the strategic deal is part of the efforts being made to seek more investment chances that open doors to develop main industrial projects in Duqm.
Both sides aim to reach a long standing ties to own, manage and operate a refinery and at a later phase, a petrochemical complex in Duqm.
The Omani firm aims on partnering with strategic firms to help develop many projects and to play an important role in developing the regional and national economy.
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