The OmanPlast 2017, held under the patronage of Hilal bin Hamad Al Hasani, CEO, Public Establishment for Industrial Estates, had more than 100 exhibitors, providing excellent trade and business opportunities to both exhibitors and visitors.
While there is a fall from the Gulf chemical industry's growth rate of five percent in 2015, due in part to feedstock supply constraint and global economic uncertainty, watershed projects in the region point to a positive medium-term outlook for growth.
Set up with an investment of US$4.52 billion, the plant is located in the petrochemicals and chemicals hub of the country, creating an integrated ecosystem and generating direct employment for 3,500 and indirect employment for 10,500 people.
A report entitled 'GCC Chemicals Industry Innovation Indicators 2016' released at the 4th GPCA research and innovation summit points out that R&D investment in the region nearly tripled over the past five years, with R&D intensity on par with China.
The six-year contract builds on Amec Foster Wheeler's significant expertise in petrochemicals and refinery integration, alongside the impressive track record of delivering project management consultancy services to KPC companies in Kuwait.
On completion of all transactions, it is envisaged that Canadian Natural will be the operator of the Athabasca oil sands project upstream mining assets, and Shell will continue as operator of the Scotford upgrader and Quest CCS project.