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Released September 28, 2012 | DELHI
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Researched by Industrial Info Resources India (Delhi, India)--Oman Oil Refineries and Petroleum Industries Company (Orpic) (Muscat, Oman), Oman's major refiner, has shortlisted nine international engineering firms for the $1.2 billion expansion of its Sohar Refinery complex.
The companies that are competing for the engineering, procurement and construction (EPC) contract include Technip S.A. (Courbevoie, France), Tecnicas Reunidas S.A. (Madrid, Spain), Hyundai Engineering, Daewoo and Samsung Engineering (all three from Seoul, South Korea), Lurgi (Frankfurt, Germany), and Larsen & Toubro (BSE:500510) (Mumbai, India), among others. The awarding of contact is expected by the middle of 2013.
The expansion, which is estimated to cost $1.5 billion to $1.8 billion, is being overseen by Orpic, a wholly government owned integrated refining and petrochemicals entity.
The project is expected to increase the capacity of the existing refinery from 116,000 to 187,000 barrels per day through the installation of clean fuel units and the debottlenecking of existing units.
The expansion project, which is supported by the government of Oman, is expected to improve product quality and increase throughput by more than 70%. The upgrade will allow Sohar refinery to provide Aromatics Oman LLC (Sohar, Oman) with naphtha feedstock at the desired specifications, and will enable Orpic to meet its supply commitments of propylene to Oman Polypropylene (Sohar).
In addition, a delayed coker unit is designed to minimize excess low-value bitumen production and increase the production of high-value products like liquefied petroleum gas, naphtha and diesel. The upgrade will also help meet local bitumen market through the installation of a bitumen blowing unit.
The Sohar refinery, which was commissioned in 2006, was built to process the feedstock of long residue, which is produced at the Mina Al-Fahal refinery in Oman and blended with crude oil.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The companies that are competing for the engineering, procurement and construction (EPC) contract include Technip S.A. (Courbevoie, France), Tecnicas Reunidas S.A. (Madrid, Spain), Hyundai Engineering, Daewoo and Samsung Engineering (all three from Seoul, South Korea), Lurgi (Frankfurt, Germany), and Larsen & Toubro (BSE:500510) (Mumbai, India), among others. The awarding of contact is expected by the middle of 2013.
The expansion, which is estimated to cost $1.5 billion to $1.8 billion, is being overseen by Orpic, a wholly government owned integrated refining and petrochemicals entity.
The project is expected to increase the capacity of the existing refinery from 116,000 to 187,000 barrels per day through the installation of clean fuel units and the debottlenecking of existing units.
The expansion project, which is supported by the government of Oman, is expected to improve product quality and increase throughput by more than 70%. The upgrade will allow Sohar refinery to provide Aromatics Oman LLC (Sohar, Oman) with naphtha feedstock at the desired specifications, and will enable Orpic to meet its supply commitments of propylene to Oman Polypropylene (Sohar).
In addition, a delayed coker unit is designed to minimize excess low-value bitumen production and increase the production of high-value products like liquefied petroleum gas, naphtha and diesel. The upgrade will also help meet local bitumen market through the installation of a bitumen blowing unit.
The Sohar refinery, which was commissioned in 2006, was built to process the feedstock of long residue, which is produced at the Mina Al-Fahal refinery in Oman and blended with crude oil.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
