06 October 2009 21:41 [Source: ICIS news]
HOUSTON (ICIS news)--Oman Oil Company (OOC) and International Petroleum Investment Company (IPIC) entered into a memorandum of understanding (MOU) for the potential development of a refinery and petrochemical complex at the Oman port of Duqm, Oman’s state news agency said on Tuesday.
“The MOU will entail an in-depth assessment of the both the feasibility and implementation of the proposed project,” the Oman News Agency said. “The final configuration will be based upon detailed feasibility and marketing studies, which will be undertaken by OOC and IPIC in conjunction with international consultants.”
"The prospect of construction refinery and petrochemical facilities at [Duqm] is important, not only for OOC and IPIC, but also for the [?xml:namespace>
OOC is owned by the government of the Sultanate of Oman and IPIC is owned by the government of the emirate of
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