1 / 19

Oman Economic Forum Expansion and prospects of the basic and petrochemical industries.

Oman Economic Forum Expansion and prospects of the basic and petrochemical industries. (March 18 th and 19 th , 2014). Musab Al Mahruqi – CEO. Oman Oil Refineries and Petroleum Industries Co. SAOC. Outline. Orpic Overview Growth Projects Opportunities to Oman. Orpic Overview. Mission

kelly-english
Download Presentation

Oman Economic Forum Expansion and prospects of the basic and petrochemical industries.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Oman Economic Forum Expansion and prospects of the basic and petrochemical industries. (March 18th and 19th , 2014) Musab Al Mahruqi – CEO Oman Oil Refineries and Petroleum Industries Co. SAOC

  2. Outline • Orpic Overview • Growth Projects • Opportunities to Oman

  3. Orpic Overview Mission “To meet Oman’s needs for refined petroleum fuel and maximize long term returns by processing hydrocarbons to high value petroleum and petrochemical products” Vision “Build an Omani integrated refining and petrochemical business we are proud of”

  4. Orpic Overview Fuels 1982 MAF Refinery - 1982 CrudeOil Gasoline Jet Fuel Diesel Long Residue 2006 Sohar Refinery - 2006 LPG Polypropylene plant- 2006 Petrochemicals Propylene Polypropylene Naphtha Benzene 2010 Aromatics plant- 2010 Paraxylene Imported Naphtha

  5. Orpic Fact sheet

  6. Orpic Fact sheet Petrochemicals 1000 MT Polypropylene 600 MT Benzene 2500 MT Paraxylene Every day we produce Fuels Gasoline to fill in 160,000 cars Jet Fuel to fill in 25 planes LPG to fill in 33,000 cylinders Diesel to fill in 15,000 trucks

  7. Outline • Orpic Overview • Growth Projects • Opportunities to Oman

  8. Orpic “Growth” strategy – Expanding Product Mix Products Petrochemicals Petrochemicals Polypropylene Polypropylene Fuels HDPE Gasoline Fuels Fuels Petrochemicals LLDPE Jet Fuel Gasoline Gasoline Benzene Diesel Jet Fuel Jet Fuel Benzene LPG Fuels Diesel Diesel Paraxylene Bitumen Gasoline LPG LPG USD 1,600 mn USD 2,700 mn Investments USD 800 mn USD 1,500 mn USD 3,600 mn Polypropylene plant- Projects Sohar Refinery MAF Refinery Sohar Refinery Upgrade Aromatics plant Liwa Plastics Project 1982 2006 2010 Timeline 2016 2018

  9. Increased Petchem Precursors 2018 2013 Building Blocks of Petrochemicals Building Blocks of Petrochemicals Gas Extraction Methane Methane Methane NaturalGas Ethane Ethylene Ethylene Olefins LPG Propylene Propylene Butdaiene Butdaiene Oil Refinery Benzene Benzene Naphtha Toluene CrudeOil Aromatics Toluene Fuels (Gasoline, Diesel, Jet Fuel, LPG Asphalt, etc.) Xylene Xylene

  10. Fueling Growth Projects 2014-2018 Fixed Assets to grow three times while 71% funded by bank loans Crude processing increase by ~ 70% Job creation of over 1000 skilled positions Capital Investments Crude (and equivalent) consumption • Manpower Plan

  11. Growth Projects: Increased Fuels and Plastics Enhanced Refinery and Petrochemical Integration

  12. Growth Projects: Increased Revenues USD 15.6 bn USD 13.8 bn 2.0 USD 10 bn 0.3 3.7 2016 2014 2018 Diversification away from Refinery Margins

  13. Growth Projects: Increased exported products Growing fuel needs are shall be met The Petchem sales in 2016 are lower since light Naphtha which was sold under AP, is now feedstock for SRIP in 2016 and hence consumed internally Opportunity for plastics downstream industries as ample feedstock resin shall be available

  14. Growth Projects: Increased Profitability Profitability set to grow in the future due to deeper conversion and enhanced value addition.

  15. Outline • Orpic Overview • Growth Projects • Opportunities to Oman

  16. Key Benefits Summary Government Polymer Resin / Processing Industry (SMEs) Economy / Consumers Value addition from well head to plastics end-users

  17. Key Benefits to SMEs Other Plant & Equipment Software Wholesale Trade Machinery Suppliers Resin Suppliers (PP, HDPE, LLDPE) Decorating & Assembly Recycling Additives Distributors • Processors • Custom • Captive Compounders Final Goods/End Users

  18. Key Benefits to Economy • Higher contribution of Manufacturing Sector • Further diversification • Increased Revenues from exports (USD 3.9bn in 2011, 40%) • Job creation

  19. 1 Musab Al Mahruqi – CEO Oman Oil Refineries and Petroleum Industries Co. SAOC

More Related