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Muscat: A $4.2 billion factory that will refine petroleum using technology that is reportedly less harmful to the environment than conventional methods, is being built in Oman.
The public-private partnership, being built in the port town of Duqm, is the result of the partnership between Oman's government and Canada Business Holdings, in collaboration with the Special Economic Zone Authority at Duqm (SEZAD)
Once complete, the factory is expected to produce about 300,000 barrels of oil a day, Times of Oman reported.
“With the proper domestic support and encouragement, the refinery project should be able to produce our first batch of products towards the end of 2023,” said Canada Business Holdings chairman and chief executive officer Moses Solemon.
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