Huston, Duqm Promotional Campaign, led by Yahya bin Said al- Jabri, Chairman of the Special Economic Zone Authority in Duqm (SEZAD) and comprising representatives of the Public Authority for Investment Promotion and Export Development ‘ Ithraa’, Oman Oil Company (OOC), Duqm Port Company and Oman Drydock, was initiated today in Huston in the United States of America. The campaign, which builds on the success made by the campaign in Japan, South Korea and China, aims at attracting more investments to the Sultanate.
The delegation started the campaign by visiting Oxea’; a subsidiary of Oman Oil and the biggest supplier of oxea chemical products in the world with a capacity of 1.3 million tons per annum.
The meeting which included officials from the two sides included providing an overview on SEZD and the many projects it hosts. Oxea officials made a number of presentations on the developments witnessed by the company over the past years and its full acquisition by Oman Oil in 2013.
Hilal bin Ali al- Kharousi, Executive Manager at Oman Oil Company and Oxea Board Member said that the company is one of the successful companies among OOC’s foreign investment portfolio. He added that the company complements OOC’s investments in the downstream in the energy sector as the company is the owner of many oxea production technologies.
He pointed out that Oxea shall play a key role in the investments at the Duqm Refinery and Petrochemical Industries Company L.L.C, a Joint Venture (JV) between Oman Oil Company (OOC) and Kuwait Petroleum International. Oxea will develop the oxea plant, provide the technology and support the operation and marketing with its rich experience in this field.
Yahya bin Said al- Jabri, SEZAD Chairman expressed his admiration of the success made by Oxea. He pointed out that the company training of Oman engineers will contribute to enriching their skills and enrich their experiences. He also welcomed Oxea’s potential investments in Duqm Refinery and Petrochemical Industries Company L.L.C.
The delegation also visited a number of Oxea facilities and reviewed the work and production processes.
Source: Oman News Agency