Muscat: Duqm refinery project has been ranked among the top ten most important and promising projects in the Gulf region in the oil sector.
The massive infrastructure project has received the regional tribute by Middle East magazine at the Dubai Marina Hotel last week.
Duqm Refinery is one of the largest projects in the region in terms of the economic cost estimated at $8 billion. It extends over an area of 90,000 hectares and is one of the largest promising projects in the Sultanate in the energy sector, with 230,000 barrels of production capacity expected per-day when completed.
Economic experts and analysts during the forum reviewed the economic situation in the region in general and the performance of the Gulf economies in light of the crisis of the decline in international oil prices and their impact on various aspects of economic life in the Gulf region.
The forum touched on the economic outlook in the Gulf in the light of the rapid developments that cast a shadow over the entire region, as well as the economic indicators that showed the performance of region markets.
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