Oman’s Duqm Refinery project, one of the largest refining and petrochemicals project, is expected to come into full production by the end of 2023, Kuwait Petroleum Corp’s deputy chairman and CEO, Nawaf al Sabah said, speaking on the sidelines of CERAWeek energy conference in Houston, Texas.
The refinery project, occupying 900 hectares, is located at the heart of the Special Economic Zone of Duqm (SEZD) and is a 50-50 joint venture between state-owned Oman’s OQ Group and Kuwait Petroleum International (KPI). KPI is the international downstream subsidiary of state-owned Kuwait Petroleum Corp.
Once operational, Duqm refinery will enhance the country’s refining capacity by refining 230,000 barrels of crude oil products per day, which will serve demand growth in the region and globally, Al Sabah said.
As of end-November 2022, the total completion rate of the project is 96% and its trial operation is expected to happen soon. The Duqm Refinery project is one of the major projects being implemented in the Special Economic Zone at Duqm (SEZAD). It serves as the starting line for the plan to transform Duqm into one of the largest industrial and economic centres in the region.
