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

Planned maintenance under way at ExxonMobil’s Baytown complex

08/28/2014 ExxonMobil Corp. has started scheduled maintenance on a fluid catalytic cracking (FCC) unit at its 561,000-b/d integrated refining and petrochemica...

Serbia’s NIS plans upgrades at Pancevo refinery

08/25/2014 Serbia’s Naftna Industrija Srbije (NIS) will begin a planned modernization overhaul of its 98,000-b/d Pancevo refinery beginning Sept. 1, the compa...

Contract let for Vietnam’s Nghi Son refining complex

08/22/2014 Nghi Son Refinery & Petrochemical LLC, through a contractor, has let a contract to Hamon Korea Co. Ltd., Seoul, to air quality systems for its ...

PKN Orlen lets contract for olefins plant in Poland

08/21/2014 Polski Koncern Naftowy SA (PKN Orlen) has let a contract to CB&I, Houston, for the license and engineering design of a metathesis plant for the...

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