Sultanate’s first solar salt refinery set for Q3 launch
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Conrad Prabhu -
MUSCAT, JAN 10 -
The Sultanate’s first salt refinery is currently under construction at Ras Bantoot near Duqm on Oman’s Wusta coast.
Well-known oil and gas services Al Ghalbi International Engineering & Contracting LLC (GIE) is investing in excess of RO 10 million in the establishment of a 135,000 metric tonnes (MT) per annum capacity plant.
Conceived in line with the government’s In-Country Value (ICV) strategy, the project will go a long way in meeting the domestic demand for industrial salt which is currently sourced entirely via imports.
ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC
The Abu Dhabi National Oil Co. (ADNOC) reported Tuesday that it has implemented an initiative standardizing procurement terms and conditions across its value chain.
The new oilfield procurement process subjects all bidders to the same terms and conditions in competitive tendering and shrinks the timeline for legal negotiations from months to weeks, ADNOC pointed out in a written statement emailed to Rigzone. The firm added that more than 1,100 local and international principal companies – including oilfield service providers Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), Baker Hughes (NYSE: BKR), and Weatherford (OTCMKTS: WFTLF) – have signed up for the program.
Adnoc is in the midst of delivering a 2030 strategy that involves significant capital expenditure. The company has a target of increasing capacity to 5 million barrels per day, from about 2.8 million bpd currently.
It is also planning substantial investment in downstream projects, including a new Ruwais Derivatives Park being developed jointly with state holding company ADQ that is building the infrastructure for a major chemicals hub.
Last year, the UAE s Supreme Petroleum Council approved Adnoc s Dh448bn investment programme over the next five years. In December, the company said it will expand its In-Country Value localisation programme, with a view to directing about Dh160bn back into the local economy.
OQ commissions $826m LPG facility in Dhofar
MUSCAT, 3 hours, 25 minutes ago OQ, a national petroleum investment company of Oman, has announced the commissioning the $826 million OQ Liquefied Petroleum Gas (OQ-LPG) facility in Dhofar. OQ-LPG is first of its kind gas treatment project in Oman to extract LPG and condensate from OQ’s Gas network, reported
Oman News Agency (ONA). With its centerpiece extraction facilities located in Salalah Free Zone adjoining the Port of Salalah, OQ-LPG has the potential to create a new energy hub in Salalah centering on the production of LPG, a commercially valuable and economically competitive fuel with growing demand in domestic and international markets.
$7.5m oilfield pump factory opens in Suhar
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Petroleum Development Oman (PDO) has been supplied with the first ‘Made in Oman’ electric submersible pump (ESP) system for its oil operations from a factory in Suhar. The $7.5 million Borets Seven Seas & Co LLC facility was officially opened on Sunday under the auspices of Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry.
The facility will assemble and service ESPs which provide an efficient and reliable artificial-lift method for extracting moderate to high volumes of fluids from wellbores for use in oil and water wells. Borets Seven Seas contractors will also install, commission, test and maintain the equipment in the field.