Oman woos US Oil & Gas in­vest­ment in Duqm SEZ

Oman Daily Observer - - INSIDEOMAN - BUSI­NESS RE­PORTER MUS­CAT, OCT 13

A del­e­ga­tion led by the Spe­cial Eco­nomic Zone Au­thor­ity of Duqm (SEZAD) wrapped up its three­day-long road-show in Hous­ton, USA, with a strong in­vi­ta­tion to in­ter­na­tional com­pa­nies to in­vest in Duqm’s Oil & Gas clus­ter.

Speak­ing at an in­vest­ment sem­i­nar held in Hous­ton — a ma­jor hub of the global Oil & Gas in­dus­try — on Oc­to­ber 13, Yahya bin Saeed al Jabri, Chair­man of SEZAD, un­der­lined the po­ten­tial for syn­er­gies be­tween Oman and Hous­ton that could be ex­ploited in the en­ergy sec­tor.

He in­vited US firms to ex­plore op­por­tu­ni­ties for part­ner­ships and joint ven­tures be­tween the Sul­tanate and Hous­ton.

The event was at­tended by rep­re­sen­ta­tives of more than 70 com­pa­nies, most of them key play­ers in the US en­ergy in­dus­try. The pro­mo­tion aims at mak­ing Us-based in­ter­na­tional Oil & Gas com­pa­nies aware of Duqm’s in­vest­ment po­ten­tial as il­lus­trated by the start of con­struc­tion work on the multi­bil­lion dol­lar Duqm Re­fin­ery and Petro­chem­i­cal In­dus­tries Com­plex, which will be op­er­ated by the Duqm Re­fin­ery Com­pany.

Al Jabri also praised eco­nomic re­la­tions be­tween Oman and the United States, which date back to early years of Amer­i­can In­de­pen­dence and the Treaty of Friend­ship and Trade signed by the two coun­tries in Mus­cat in 1833. A Free Trade Agree­ment was signed be­tween the two coun­tries in Jan­uary 2006.

The del­e­ga­tion also vis­ited the head­quar­ters of en­ergy gi­ant Oc­ci­den­tal where the vis­i­tors were briefed about the com­pany’s projects in Hous­ton. Later, the team toured the Port of Hous­ton, which is one of the largest mar­itime gate­ways in the US.

The road­show now moves to Wash­ing­ton DC on Mon­day, Oc­to­ber 15, where a num­ber of meet­ings will be held with the busi­ness com­mu­nity in the US cap­i­tal.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.