“The final configuration will be based upon detailed feasibility and marketing studies, which will be undertaken by Oman Oil and IPIC in conjunction with international consultants.”

“The prospect of construction refinery and petrochemical facilities at [Duqm] is important, not only for Oman Oil and IPIC, but also for the [Oman] Sultanate’s economy,” said Ahmed al Wahaibi, Oman Oil’s chief executive.