PROJECTS: Oman’s OQ eyes $15.6bln of growth projects

PROJECTS: Oman’s OQ eyes $15.6bln of growth projects

OQ (formed by the merger of erstwhile Oman Oil and Orpic Group), is planning for projects totalling $15.6 billion in downstream, exploration and production, and gas transmission, according to the company's first sustainability report.The report, released on Tuesday, said the growth projects would be developed over a time horizon of five years.Early stage projects highlighted in the report included a second petrochemical plant at Duqm, currently in the front-end engineering and design (FEED) phase, a second Natural Gas Liquids (NGL) plant and associated pipeline, in the pre-construction phase.Projects in the pre-FID [Final Investment Decision] phase included Blocks 65, 30, 47 and 52 in the upstream and LNG Bunkering and GTL [Gas to Liquids] projects in the downstream.OQ is also planning to launch its first renewable energy project and its first