Oman PP to ship cargoes by end-June

12 June 2008 10:39  [Source: ICIS news]

Oman PP to ship cargoes by end of JuneSINGAPORE (ICIS news)--Oman Polypropylene, which restarted its Sohar plant last weekend, is expected to start shipping PP cargoes by the end of the month, a source close to the company said on Thursday.

The 340,000 tonne/year plant, which shut down 31 March due to a disruption in supply of propylene feedstock, was unable to restart in early May, as expected, due to a delay in the restart of its propylene supplier, Sohar Refinery Co, the source said.

The prolonged outage tightened the already restricted PP supply in the Middle East, traders said.

Oman PP officials were not available for comment.

The PP maker is 40% owned by Oman Oil. LG International, Gulf Investment and International Petroleum Investment each hold a 20% share in Oman PP.

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By: Prema Viswanathan
+65 6780 4359

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