OQ8 spearheads industrial diversification with multifaceted projects - Times of Oman

Muscat: OQ8, located in the Al Wusta Governorate, has been recognised as the largest investment project between the Sultanate of Oman and the State of Kuwait.This monumental project is a collaborative effort between OQ Group - a global integrated energy conglomerate - and Kuwait Petroleum International, marking it as one of the standout industrial ventures within the Special Economic Zone at Duqm (SEZAD) and a major stimulus for refinery-based projects. The refinery, with an investment cost of approximately $9 billion, has established itself as a key player in the global energy market, setting benchmarks with its provision of high-quality energy solutions that fuel the growth and development of both industrial sectors and daily energy consumption.

timesofoman.com     Feb 04, 2024