Duqm Refinery Launches ICV Forum

Source: Times of Oman 9/18/2018, Location: Middle East

Duqm Refinery launched its In-Country Value (ICV) Programme Opportunities Forum at the Crowne Plaza Hotel in Duqm. The launch of the programme coincides with the beginning of construction of the refinery, which is expected to become operational by the end of 2022.

The Duqm Refinery ICV programme aims at maximising the economic benefits for the local community and businesses during the construction phase. The programme also seeks to increase the number of its beneficiaries and boost the economic and social development in Al Wusta, and the entire country. Moreover, the programme targets local Small and Medium Sized Enterprises (SMEs), while promoting the local supply chain. The programme will provide opportunities for training, development and employment of Omani youth in a number of technical specialisations needed in the project.

Regarding the programme, Jacobus Nieuwenhuijze, Project Director, Duqm Refinery, said, “We are glad to announce the promising opportunities this project will offer to the governorate and the country. During construction, the project will contribute in creating training and development opportunities that will have a positive economic and social impact in the Sultanate.”

The forum will last for three days at the Crowne Plaza Duqm. The first day of the event includes two workshops to introduce business and training opportunities. The Duqm Refinery ICV exhibition will be inaugurated under the auspices of His Highness Sayyid Dr Adham bin Turki Al Said.

The exhibition will provide a platform for the audience to meet Duqm Refinery officials and learn more about those opportunities. A number of public and private institutions will take part in the Exhibition, including Sezad, Takatuf Oman, Ministry of Education, Ministry of Manpower, Al Raffd Fund, the Public Authority for Small and Medium Enterprises (Riyadah), the British Council and the three EPC global contractors.

A special website has been opened for those who want to benefit from the opportunities offered by the program, including development training for employment programs. Registration is accepted at duqmrefinryicv.om. SME owners who want to compete in the offered business opportunities have to be registered in the Joint Suppliers Registration System (JSRS) of the Ministry of Oil and Gas to be eligible to compete.

To reach more sections in society, another ICV exhibition will be held in Muscat at the Oman Convention and Exhibition Centre on September 30 and October 1, 2018.


Norway >>  5/10/2021 - Zenith Energy Ltd. ("Zenith") (ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is ...
United Kingdom >>  5/10/2021 - The following amendments have been made to the Annual Net Free Cash Balance Forecast table of the Proposed Financial Restructuring announcement releas...

Canada >>  5/7/2021 - TC Energy Corporation (TRP) (TC Energy or the Company) announced a net loss attributable to common shares for first quarter 2021 of $1.1 billion or $1...
Canada >>  5/7/2021 - Cenovus Energy Inc. (CVE) delivered solid operating and financial performance in the company’s inaugural quarter of operations following the acquisit...

Colombia >>  5/5/2021 - GeoPark Limited (“GeoPark” ) (GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth p...
Norway >>  5/5/2021 - Norwegian Energy Company ASA (“Noreco”) announces the successful closing of its new USD 1.1 billion Reserve Base Lending facility (the “Facility”), re...

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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.