Duqm Main Oil Refinery

Project Owner: Oman Wanfang LLC
Project Type: Oil I Oil Refinery
Estimated Value ($): 5.5 billion
Capacity: 225,000 barrels per day (bpd)
Project/Feasibility Start Date: Q4-2018
Estimated Completion: Q3-2025
Status: Feasibility Study
Location: Duqm, Oman

PROJECT DETAILS

Oman Wanfang LLC intends to construct an oil refinery near to the port of Duqm, Oman. The $5.5 billion refinery will have a capacity of 225,000 barrels per day (bpd).

Oman Wanfang LLC is a subsidiary company of China-Arab Wanfang Investment Management (Ningxia) Co. Ltd. It is registered in Duqm. In response to the national strategy “the Belt and Road” also known as “One belt, One road”, the company established China-Oman (Duqm) Industrial Park at Duqm of Oman, wherein its ambition is to develop a series of modern industries.

Being the master developer of the 11.72 sq km China-Oman (Duqm) Industrial Park, it is implementing all related works including construction of infrastructure and standard factories, attracting investment from China’s reputed companies. The total investment is estimated to be US$ 10.7 billion for building the entire Industrial Park, which comes from Chinese companies and bank financing.

Additionally, 10 projects worth over US$ 3 billion were signed by Oman Wanfang LLC and its investors from China, at the same date as foundation laying. These are: Building materials market, 10 million tons of methanol and methanol to olefin project, power station, Co-production of Seawater Desalination and Bromine Extraction, High-mobility SUV Project, Annual 1GWp solar Equipments Manufacturing Base, Manufacture of Oil Country Tubular Goods (OCTG), Manufacture of Non-metal Composite Pipes used for Oilfield, Manufacture of Steel Thread Frame Reinforced PE Pipes and its parts, and a five-star hotel project.

SCOPE OF WORK

Scope of work in general includes the following:

·         Oil pumping area

·         Storage terminal

·         Lube blending facilities

·         Blending system area

·         Deep-water berths

·         VLCC oil tankers

·         Storage tanks

·         Fire and safety

·         Gasoline blending

·         Highly automated systems

·         Refinery effluent system area

·         Crude distillation units

·         Distillate hydro-treater

·         Security and related facilities

·         Automated control house area

·         Residue conversion unit

TIMELINE

January 2019 - This project is still under the planning and feasibility study stage.

November 2018 - Oman Wanfang LLC, which is a subsidiary of China-Arab Wanfang Investment Management (Ningxia) Co. Ltd., plans to construct the Duqm oil refinery.