Muscat: Orpic (Oman Oil Refineries and Petroleum Industries Company) and Compañía Logística de Hidrocarburos CLH, of Spain, officially launched Orpic Logistics Company (OLC), a joint venture between the two parties in a ceremony held here today.
The agreement was signed from the Omani side by Dr. Mohammed bin Hamed al- Rumhy, Minister of Oil and Gas and Chairman of Orpic, with Señor José Luis López de Silanes, Chairman of CLH representing the Spanish partner. The official signing formalities took place in the presence of board members and senior management of both companies, as well as the Spanish Ambassador, Juan José Urtasun.
OLC has been established first and foremost to construct the Muscat-Sohar Product Pipeline (MSPP), and consists of three key elements; a 280km multiproduct pipeline between Orpic's Mina Al Fahal Refinery and its Sohar Complex; a terminal in Jifnain, in Muscat Governorate; and a direct pipeline link from Jifnain to Muscat International Airport. MSPP is one of three major projects, the others being the Sohar Refinery Improvement Project and the Liwa Plastics Project, which Orpic is engaged in over the next four years.
The pipeline will transport four types of fuel, premium and regular gasoline, diesel and jet A1 for aircraft.
OLC is scheduled to complete the pipeline connection between Mina Al Fahal Refinery and the airport in 2016. [23/01/14]