The Canadian company CBH plans to invest US$1.5bn in developing a new 300,000 bbl/d greenfield refinery project in Oman under a private-private partnership model. The refinery will produce low sulphur fuel oil for maritime vessels. The refinery will produce low-sulphur refined bunker fuels for shipping in compliance with the new IMO regulations.
Oman has a refining capacity of 222,000 bbl/d, with two refineries: the 106,000 bbl/d Mina Al Fahal refinery in Muscat, and a 116,000 bbl/d refinery in Sohar. Both are owned by OQ, which was created in 2018 from the merger of the downstream business of Oman Oil Company and Oman Refineries and Petroleum Industries Company.
In June 2020, Mammoet won two contracts as part of the 230,000 bbl/d Duqm refinery project in Oman. The refinery, which is located in the Duqm Special Economic Zone, will produce diesel, jet fuel, naphtha and LPG, in compliance with global operational and safety standards. Main contractors include a JV of Técnicas Reunidas and Daewoo Engineering & Construction Company, a joint venture (JV) of Petrofac International and Samsung Engineering and a JV comprising Saipem and CB&I. The project, a JV between the Oman Oil Company (OOC) and Kuwait Petroleum International (KPI), is slated for completion in 2022.
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