21 August 2007 09:37 [Source: ICIS news]
SINGAPORE (ICIS news)--Oman Polypropylene has been running its 340,000 tonne/year plant in Sohar at 50% capacity since its restart on Monday, a source close to the company said on Tuesday.
“The company expects to achieve full production in the next few days, as soon as it procures adequate propylene feedstock,” the source added.
Oman PP sources its propylene requirement from the Sohar refinery, which was shut in mid-July due to technical problems. The refinery restarted on 12 August.
PP demand was strong, amid tight supply in the Middle East and ?xml:namespace>
However, Oman PP has not offered any PP cargoes to the Middle East and South Asia for August shipment due to the outage, aggravating the tight supply situation in these two regions, traders and end-users said. The company had not yet indicated whether it was offering any cargoes for September shipment, they said.
Oman PP is owned by Oman Oil with 40%, LG International with 20%, Gulf Investment with 20% and International Petroleum Investment with 20%.
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