Muscat: Hilal Al Kharusi, Vice Chairman of Duqm Refinery was recently interviewed by the Business Year publication. In the interview Hilal elaborated on the significance, the Duqm Refinery project has in the development of Duqm as a regional energy hub. Below is an excerpt from the interview.
“Refineries tend to create a great deal of economic value through the promotion of accompanying downstream industries. They are not a huge job creator in themselves, though refineries create many downstream industries to support the overall economy of the location, which is what a zone like Duqm is created for and is what Oman looks for. These downstream petrochemical industries will be incentivized to come to Duqm because of its state-of art infrastructure, tax advantages and advanced logistics that are already in place. With Duqm refinery, Oman’s refining capacity will increase from 300,000bpd to over 500,000bpd, and the product mix will grow, further enabling large-scale petrochemical and added-value industries, and increasing exports. The Duqm Refinery complements and enlarges the landscape of the energy industry in Oman”.
Hilal Al Kharusi, Acting Executive Managing Director, Oman Oil Duqm Development Company in an interview with the Business Year Publication
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