Monday, April 24, 2017

Orpic set for ground breaking of Liwa project

Oman Oil Refineries and Petroleum Company (Orpic) will celebrate the ground breaking of its Liwa Plastics Industries Complex (LPIC) Project – Engineering and Procurement and Construction (EPC) 3 on April 27.

The event, which will take place in the Wilayate of Ibri, Fahud, will be held under the patronage of Sultan bin Salim Al Habsi, secretary-general, Supreme Council for Planning and Orpic chairman in the presence of a number of officials and community members from the Wilayate of Ibri.

A consortium of two corporations GS Engineering and Construction and Mitsui & Co Ltd has been awarded the contract to execute the EPC Package 3 at a cost of $688 million.

LPIC will firmly reinforce Orpic as a recognized player in the international petrochemicals marketplace – enabling Oman, for the first time, to produce polyethylene, the form of plastic that rates highest in terms of global demand and increased the current production of polypropylene.

The project will be the first-of-its-kind in the Sultanate and will enable Oman to take the downstream plastics industry to the next level, a statement said. - TradeArabia News Service

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