(MENAFN- Muscat Daily) Muscat- Oman Oil and Orpic Group will officially inaugurate one of their strategic growth projects, the Sohar Refinery Improvement Project (SRIP) on Sunday under the auspices of H E Dr Mohammed bin Hamed al Rumhi, Minister of Oil and Gas.
SRIP, which is a US$2.7bn investment project, is all set to enhance the Oman Oil and Orpic Group assets value. The project will maximise the value of Omani crude oil, and meet the increasing demand for oil and refined products locally and internationally in order to support the economic development of Oman, Opric said in a press statement.
In order to improve Sohar Refinery's ability to process heavier Omani crude, SRIP adds five new units including crude distillation unit, vacuum distillation unit, delayed coker unit, hydrocracker unit and bitumen blowing unit. These units are vital to handle heavy crude more efficiently, which increase the performance, production and lower emissions.
The project will contribute to create economic benefits to the government and local businesses, as well as generate approximately 300 permanent jobs, 900 indirect jobs and generate huge in-country value opportunities to local SMEs and businesses.
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