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Dow Chemical Companyof the US ended months of speculation on 20 July by agreeing to act as foreign partner on a world-scale olefins complex at Sohar. A joint statement from Muscat and Michigan said that the joint venture will design, build and operate the petrochemicals facility. Dow will take a 50 per cent stake in the project while Oman Oil Company (OOC)and the government will each take 25 per cent.