Duqm Refinery acknowledged as largest investment of its kind between two Gulf countries

MUSCAT : Duqm Refinery, to be opened on Wednesday, February 5, in the presence of His Majesty Sultan Haitham bin Tarik and His Highness Sheikh Mishal Al-Ahmad Al-Sabah, Emir of the State of Kuwait, has been hailed as the largest joint investment project between the two countries.

His Excellency Abdul Salam Al-Murshidi, Chairman of the Oman Investment Authority, stated that the Refinery embodies the unlimited support of His Majesty.

He stated that the Duqm Refinery in the Duqm Special Economic Zone is the largest joint investment between the countries of the Gulf Cooperation Council in the refineries and petrochemicals sector. It culminates the bilateral relations between the two countries, embodies the depth of the economic relations between them, and links common interests with more joint investments.

His Excellency expressed his aspiration that the Duqm Refinery will open broader horizons for investors from sisterly and friendly countries to invest in the Sultanate of Oman, especially in the Duqm Special Economic Zone, which now has an integrated infrastructure for investment, in addition to its role as a promising industrial center with established upstream industries.

His Highness Sheikh Nawaf Saud Al-Sabah, CEO of the Kuwait Petroleum Corporation, said that the refinery is an ideal example of the convergence of economic interests between the two countries, especially since the State of Kuwait and the Sultanate of Oman have a common history and heritage.

He pointed out that the success of this strategic project would enhance the prospects for future cooperation between the countries of the Gulf Cooperation Council in development and economic projects that contribute to the stability of energy supplies to the world, and provide safe guarantees due to the strategic location of the Sultanate of Oman, which facilitates the smooth storage of petroleum products and their export to the world.

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The post Duqm Refinery acknowledged as largest investment of its kind between two Gulf countries appeared first on The Arabian Stories News.

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