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duqm refinery project oman

Oman is currently working on building the world largest refinery project, which will be called Duqm. It will be operational in the first quarter of 2023 and have a capacity of approximately 230 000 bpd. In order to lessen the country's reliance on oil imports, plans are also in place to construct a pipeline to the Strait of Hormuz. Additionally, there are plans to build LPG "bullet" storage tanks, which should result in the creation of 700 new jobs.

230 000 bpd capacity

A second oil refinery is being planned for Duqm by the Omani government. The processing capacity for this project will be 230,000 barrels per day on a global scale. It will be constructed in the country of Oman along the eastern shore of the Arabian Sea.

An industrial city, a brand-new airport, and hotels will all be a part of the Special Economic Zone of Duqm, or SEZ. Over the next 15 years, the special economic zone will produce $15 billion.

Chinese investment has been a major force in the development of the Duqm project. For the project, financing totaling more than USD3.2 billion has been arranged. A Korean delegation spoke with Omani government officials in September about the potential contribution of transportation infrastructure to the growth of the industrial city.

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