Oman Oil Company To Invest $1B In Oil, Gas Projects In 2017

State-held Oman Oil Company plans to invest US$1 billion in developing various upstream and downstream projects in Oman this year, the firm’s chief executive Isam Al Zadjali said on Tuesday. Oman Oil Company and its subsidiaries have several major projects in various stages of planning, design and development, including the Salalah LPG project, an ammonia project to expand the Salalah methanol unit, the Duqm gas pipeline, Sohar-Wadi Al Jissi gas pipeline, and a large crude oil storage facility at Ras Al Markaz near Duqm, and several other…
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