Muscat – OQ, the integrated energy group, has announced the start of production from its Ammonia Plant in Dhofar Governorate on Sunday.
The plant is one of the key strategic projects fully owned by OQ with an investment cost of US$463mn. The plant has a capacity of 1,000 tonnes per day of ammonia.
OQ Trading, the group’s trading arm, also announced the export of the first shipment of liquid ammonia from the plant through Salalah Port.
Commenting on the announcement, Hilal al Kharusi, CEO, Commercial and Downstream Unit at OQ, said, “The ammonia project comes within OQ’s efforts to enhance the added value of natural resources and support the Omani government’s economic diversification plans. The plant will export its products to targeted global markets, especially in Asia, further contributing to the enhancement of the Omani exports.”
He further said, “The start of production operations in the plant is a key milestone that enhances the contribution of OQ Group. The demand for ammonia products in the global markets is witnessing constant growth, leading to higher returns. This situation renders the project highly feasible.”