Oman Review
October 2012

Major industrial initiatives launched by the Omani Government are helping it achieve its goals of a vibrant non-hydrocarbons sector and greater opportunities for citizens in the workforce.






October 2012

Oman’s leading engineering and construction contractor and industrial fabricator Bahwan Engineering Company (BEC) is currently working on key infrastructure, industrial, utility and residential contracts worth around $800 million, the company says.






October 2012

Octal has completed its latest expansion, taking annual production capacity of PET resin and PET sheet to 1 million tonnes from 400,000 tonnes at its Salalah plant. The company expects to generate sales of $1.






October 2012

Oman’s free zone in the south has generated foreign direct investment (FDI) of $3.5 billion in the last three years and is heading towards its FDI goal of $15 billion, a senior official of the enclave has told Gulf Industry.






October 2012

A ferro-chrome joint venture plant coming up in Freezone Sohar is expected to yield revenues of $175 million annually after both its phases are completed, a top official of the Indian partner in the venture told Gulf Industry.






October 2012

Increasing levels of sales at steel rebar maker Sharq Sohar Steel Rolling Mills (SSSRM) LLC has motivated the company to go ahead with a sizable expansion at its plant in the north of Oman. Annual production capacity is to double to 700,000 tonnes by the end of 2013, senior manager for corporate services J Desing told Gulf Industry.






October 2012

Oman Chlorine, the sultanate’s principal supplier of chloralkali products, will for the first time begin production overseas – in Abu Dhabi and Doha.






October 2012

Petroleum Development Oman (PDO) has granted India’s Larsen & Toubro a second major order in less than a year. The fresh order worth $235 million involves EPC (engineering, procurement and construction) of the Saih Rawl Depletion Compression Phase 2 project (SRDC2).






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