Construction agreement signed for Oman's $2.5bn Salalah Refinery
Concession agreement signed for 150,000 bpd Omani megaproject that will create 600 jobs in the country
Oman’s Salalah Free Zone Company (SFZCO) is investing $2.5bn (OMR962.5m) in Salalah Refinery, a 150,000 barrels per day (bpd) project that will create more than 600 jobs in Oman, it was announced by the developer following the signing of a concession agreement to construct the project.
The agreement was signed by Ali bin Mohammed Tabuk, chief executive officer of SFZCO, and Kent J Kabi, CEO of Salalah Refinery.
According to a report by state news agency, ONA, Salalah Refinery will provide business opportunities to the sultanate’s support services sector.
Liquid cargo for the refinery will be handled through Oman’s Salalah Port.
Tabouk said between January and July 2019, 11 agreements had been signed for developments related to food, solar panels, gypsum boards, and import and export at Salalah Refinery.
#happening_now#Salalah_Free_Zone has signed the #SUA to establish "Salalah
Refinery" project with an investment of US $ 2.5 billion with a production
capacity of 150,000 barrels per day, which will provide more than 600 jobs directly to citizens.— Salalah Free Zone Co (@SFZCO) July 18, 2019
Tabouk said Salalah Refinery was the largest project of its kind in the Salalah Free Zone in terms of investment, production capacity, and employment opportunities.