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FINANCIAL NEWS
Oman pre-qualifies 9 bidders for Sohar refinery expansion
15 Aug 2012
(MENAFN) Oman has shortlisted nine foreign bidders for its Sohar oil refinery expansion project, Reuters reported.
An official at the oil and gas ministry expected the expansion plan to cost between USD1.4 billion and USD1.8 billion.
Oman is seeking to boost output capacity by 60,000 bpd from the refinery’s current capacity of about 116,000 bpd.
A tender board official said the bidders included South Korea’s Hyundai Engineering and GS Engineering , India’s Larsen & Toubro, France’s Technip , Spain’s Tecnicas Reunidas, Japan’s JGC Corp , London-based Petrofac and a joint venture of Japan’s Chiyoda and an arm of South Korea’s Samsung group.
Sohar is Oman’s second refinery after the 120,000 bpd Muscat refinery. The sultanate is planning another refinery at the eastern coastal town of Duqm.
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