OQ celebrates opening of $463 Million Ammonia Plant

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Salalah, Jan. 15 (BNA): Global integrated energy group OQ inaugurated its new ammonia plant in the Governorate of Dhofar with an investment cost of about $463 million and a production capacity of 1,000 metric tons per day of liquid ammonia.


OQ’s Ammonia Plant in Dhofar contributes to enhancing the in-country added value. The value of OQ’s procurements from Omani companies amounted to about $199 million, according to Oman News Agency (ONA).


Products manufactured in the Sultanate of Oman had a big share of it. The project has also contributed to creating many job and training opportunities. Additionally, it has supported some social investment initiatives.


Dhofar Governor Sayyid Marwan bin Turki Al Said confirmed the national sectors in the petrochemicals sector, implemented by Oman Investment Authority (OIA) through OQ Group to enhance the economic growth and diversification plans in Oman and reinforce the economic diversification efforts in line with Oman Vision 2040.


The Deputy Chairman for Investment at Oman Investment Authority and Board Chairman of OQ Group Mulhim Bashir Al Jarf confirmed that the Ammonia plant is one of the strategic development projects owned by OQ.


"The project goes in line with the drives of Oman Investment Authority to promote investment in heavy and downstream industries by leveraging the Omani natural resources with the objective of increasing to its role in increasing their contributions of to the gross domestic product," the chairman confirmed.