SEZAD launches Duqm pro­mo­tional cam­paign in US

Muscat Daily - - BUSINESS -

Hus­ton, US – The Spe­cial Eco­nomic Zone Au­thor­ity of Duqm (SEZAD) launched a pro­mo­tional cam­paign for the Spe­cial Eco­nomic Zone in Duqm (SEZD) in the US on Thurs­day.

The pro­mo­tional cam­paign was ini­ti­ated by an Omani del­e­ga­tion led by H E Yahya bin Said al Jabri, chair­man of SEZAD in Hous­ton. The del­e­ga­tion in­cluded rep­re­sen­ta­tives of Ithraa, Oman Oil Co, Port of Duqm Co and Oman Dry­dock Co.

The cam­paign in the US, which builds on the suc­cesses made by the cam­paigns in Ja­pan, South Korea and China, aims at at­tract­ing more US in­vest­ments to the sul­tanate. The del­e­ga­tion started the cam­paign by vis­it­ing Oxea, a sub­sidiary of Oman Oil Co and the big­gest sup­plier of oxo chem­i­cal prod­ucts in the world with a ca­pac­ity of 1.3mn tons per an­num.

The meet­ing, which in­cluded of­fi­cials from the two sides, pro­vided an over­view on SEZD and the many projects it hosts. Oxea of­fi­cials gave pre­sen­ta­tions on 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 and Oxea board mem­ber, said Oxea is one of the most suc­cess­ful com­pa­nies among Oman Oil’s for­eign in­vest­ment port­fo­lio. He said Oxea com­ple­ments Oman Oil’s in­vest­ments in the down­stream en­ergy sec­tor as it owns many oxo pro­duc­tion tech­nolo­gies.

Kharousi pointed out that Oxea shall play a key role in the in­vest­ments at Duqm Re­fin­ery and Petro­chem­i­cal In­dus­tries Co, a joint ven­ture be­tween Oman Oil and Kuwait Petroleum In­ter­na­tional. “Oxea will de­velop the plant, pro­vide tech­nol­ogy and sup­port the op­er­a­tions and mar­ket­ing with its rich ex­pe­ri­ence in this field,” he said.

Ad­mir­ing the suc­cess achieved by Oxea, H E Jabri said the com­pany’s train­ing for Oman en­gi­neers will con­trib­ute to en­rich­ing their skills and ex­pe­ri­ence. He also wel­comed Oxea’s po­ten­tial in­vest­ments in Duqm Re­fin­ery and Petro­chem­i­cal In­dus­tries Co. The del­e­ga­tion also vis­ited a num­ber of Oxea fa­cil­i­ties and re­viewed the work and pro­duc­tion pro­cesses.

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