Gulf Oil and Gas accountACCOUNT

Chinese Firm to Set up $2.8B Petrochem Firm in Duqm

Source: Oman Observer 9/12/2017, Location: Middle East

A Chinese firm plans to invest $2.8 billion in a major petrochemical project at the Sino-Oman industrial park in Duqm’s Special Economic Zone (SEZ), a Chinese newspaper announced.

China Daily reported that the investment plan was outlined during a promotion of the Duqm Special Economic Zone held by SEZAD in Dalian, Northeast China’s Liaoning province.

Dalian Mingyuan Holdings Group Co Ltd has signed an investment agreement to build a 10 million-tonne project to manufacture olefin with methanol. In Phase 1, an investment of $2.8 billion is anticipated. Output is estimated at 1.8 million tonnes of olefin annually.

The production will provide lower cost raw materials to the company’s petrochemical bases at the Dalian Changxingdao Economic Zone.

Investment News in Oman >>

Senegal >>  1/20/2020 - FAR Limited has taken the Final Investment Decision (“FID”) and received final credit approvals for an underwritten US$300 million senior secured rese...
Egypt >>  1/15/2020 - The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the is...

Senegal >>  1/15/2020 - Cairn, along with its joint venture partners, Woodside and FAR, has signed a joint Final Investment Decision (FID) statement, in agreement with Petros...
Nigeria >>  1/13/2020 - Following the Company's announcement earlier today, the Company is now in a position to advise that, based on all information currently available to L...

United States >>  1/13/2020 - Lekoil's advisers were approached yesterday by representatives of the Qatari Investment Authority (the "QIA") questioning the validity of the loan agr...
Zimbabwe >>  1/13/2020 - Invictus Energy Limited, is pleased to announce that the Company’s Cabora Bassa project at Muzarabani held through the Company’s 80% interest in Geo ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Oman Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.