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FINANCIAL NEWS
Omani Orpic finishes initial stage for the USD3.6b LPIC project
22 Feb 2015
(MENAFN) Oman Oil Refineries and Petroleum Industries Company (Orpic) concluded the pre-qualification stage for the Engineering, Procurement and Construction (EPC) work packages of its Liwa Plastics Industries Complex (LPIC), Oman Daily Observer reported.
The USD3.6 billion project is set to create new business opportunities and employment in Oman, and it will support the firm as a key player in the international petrochemicals market.
The project constituted of four EPC packages includes a Steam Cracker and Polymer Units, a Natural Gas Liquids (NGL) Extraction Unit and a NGL Pipeline from Fahud to Sohar.
“This process is a key milestone to our project and all the contractors were required to demonstrate their know-how on projects with similar size,” he firm’s general manager said.
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