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Article Excerpt
PROJECT OVERVIEW:
The local state-owned SOHAR REFINERY CO. recently awarded a plant construction contract to an international joint venture. The partners in the planned undertaking, and their respective shareholdings, include US-based ABB LUMMUS GLOBAL (20%), LG INTERNATIONAL CO. of South Korea (20%) and SOHAR REFINERY HOLDING of Oman (60%).
According to the terms of the turnkey award the partnership will be responsible for building a polypropylene (PP) plant with an installed production capacity of 340,000 metric tons per year. The new complex, to be sited in the Sohar region, is expected to cost $180,000,000 to build.
As things currently stand, construction work is not expected to begin before 2003 and, project completion is scheduled for some time during the year 2006.
ABB LUMMUS CREST was merged in May 1995 with ABB GLOBAL ENGINEERING to form ABB LUMMUS GLOBAL, a subsidiary of ASEA BROWN BOVERI INC. of Switzerland. The company employs a total staff of about 4,000 active in more than 70 countries. It operates as an international engineering and construction firm providing a wide range of technologies and services to the chemical, petroleum refining, petrochemical, oil and gas,...
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