imminently for the contract to provide project management for all the support services on the olefins complex to be built at Sohar by Oman Petrochemical Industries Company (OPIC). The contract is part of the early works programme planned for the project, representing a significant departure in tendering strategy. OPIC is understood to have sought unit rates from engineering, procurement and construction (EPC) contractors for certain packages.
The move is understood to have been prompted by escalating project costs, which were originally estimated at $2,000 million-2,300 million. The scheme calls for the construction of an ethane cracker with capacity of just under 1 million tonnes a year, three polyethylene (PE) and two polypropylene (PP) units, a gas treatment plant and a natural gas liquids (NGL) fractionation plant.
The US' Fluor Corporation is the project manager; BNP Paribas is acting as financial adviser. OPIC is a joint venture of the government, Oman Oil Company and the US' Dow Chemical Company (MEED 29:7:05).