LG International buys Aromatics Oman stake

Eric Watkins
Senior Correspondent

LOS ANGELES, July 19 -- South Korea's LG International Corp. (LGI) will invest $60 million for a 20% stake in the $300 million Aromatics Oman LLC, a joint venture planning paraxylene and benzene plants in Oman's Sohar industrial complex. Oman Oil Co. will hold 60% of the venture, Oman Refinery Co. 20%.

Aromatics Oman plans to bring 800,000 tonnes/year of paraxylene and 200,000 tonnes/year of benzene capacity on stream in 2008.

Contact Eric Watkins at hippalus@spidernet.com.cy.

Related Articles

Nova nears 100% NGL feedstock conversion at Corunna ethylene plant

09/01/2014 The cracker feedstock conversion project at Nova Chemicals Corp.'s Corunna, Ont., refinery and petrochemical complex, which was designed to allow t...

EPA finalizes GHG permits for Texas olefins complex

09/01/2014 The US Environmental Protection Agency has issued a final permit to Formosa Plastics Corp. (FPC) to proceed with the third major expansion of its p...

Maintenance slows first-half 2014 US ethylene production

09/01/2014 Following a nearly flawless production record in second-half 2013, US ethylene producers maintained exceptional performance through first-quarter 2...

GUIDE TO WORLD CRUDES: New development plans prompt Peregrino assay update

09/01/2014 Statoil has published an updated crude oil assay for its Peregrino field, which began producing second-quarter 2011 from licenses BMC-7 and BMC-47 ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected