Oman Cement puts its Duqm project on hold

SourceZawya
SectorIndustrial
CountryOman

Oman Cement Company, which is focusing on increasing efficiency and expanding its production capacity, has put its proposed US$250mn Duqm cement plant project and a power plant project on hold pending confirmation of the availability of fuel.

Earlier in March, Oman Cement announced that it had received commercial bids from EPC contractors and appointed a project consultant for the proposed integrated cement plant in Duqm. The company planned to expand its operations by setting up a new integrated cement plant in Duqm area with a capacity of 5,000 tonnes per day (TPD) of clinker and an estimated investment of about US$250mn.

‘The company’s decision to set up a new cement plant at Duqm with a capacity of 5,000 TPD of clinker has currently been put on hold pending confirmation of the availability of fuel and its strategic decision to expand capacity of existing plant in Muscat,’ Oman Cement said in its first quarter directors’ report submitted to the Muscat Stock Exchange...read more...