The Duqm Refinery project is progressing full steam ahead despite the disruptions caused by the COVID-19 pandemic. This was the result of the dedication displayed by a highly skilled and motivated team of more than 21,000 manpower at the site serving the three EPC contractors, Duqm Refinery and Petrochemical Industries Co (DRPIC) said in a statement issued on Wednesday.
DRPIC said the project is expected to be completed and commissioned by the first quarter of 2022. Since the start of construction in 2019, the refinery project has been a key driver for economic growth in the Duqm region. The commencement of operations at Duqm Refinery will further fuel economic growth in Duqm and drive other industries to flourish in the region.
The statement said that the COVID-19 pandemic has disrupted businesses around the world with organisations adapting to it with various mitigation plans. ‘By taking necessary precautions at the right time to ensure the safety of our staff and without compromising on our operations we have managed to achieve an overall 72 per cent progress to date,’ DRPIC said.
‘Guided by our shareholders’ aspirations for the project to create in-country value (ICV), the project from the onset had a very strong ICV component attached to it. This resulted in over US$1.7bn worth of contracts value awarded for local goods and services. Over US$200mn worth of contract and services were awarded to local SMEs,’ it said.
The ICV contribution also extended to empowering communities and directly contributed to support more than 600 training opportunities for young people that would provide them with needed employability skills.
Duqm Refinery is a joint venture between two industry pioneers – OQ and Kuwait Petroleum International. Once the refinery starts operations, it will have the capacity to process around 230,000 barrels of crude oil per day. Diesel, jet fuel, naphtha, and LPG are slated to be its primary products.
Holding a strategic maritime location in the path of international shipping lines is a major advantage for the refinery. Located in the Special Economic Zone at Duqm, the refinery project will serve as a key driver for growth in the region, encouraging investment opportunities for projects that would interface with the refinery’s operations.