خطوط تزئینی

Petrochemical

Petrochemical Sector in Oman

Oman's petrochemical sector plays a vital role in the nation's economic diversification, transforming our rich hydrocarbon resources into high-value products. By combining cutting-edge technology with world-class infrastructure, anchored by mega-projects like the Duqm Refinery and Liwa Plastics, the sector is a cornerstone of Oman Vision 2040, driving value-added industrialization and global competitiveness. Below, we outline why Oman is a prime destination for petrochemical investment.

Exports Revenue

2 bn

Riyal Omani (RO)

2025

Employment

60 k

Jobs

2023

GDP Contribution

11 %

Of Oman’s Total GDP

End of 2024

Totaling

4.5 bn

Riyal Omani (RO)

End of 2024

Petrochemical

Market Trends & Growth: Mega Projects

Oman’s petrochemical ambitions are anchored by multibillion-dollar projects reshaping the industrial landscape.

OQ8 Duqm refinery

Cost

9 b

$(USD)

Capacity

230 k

barrels per day

A joint venture between SABIC and KPI, is one of the largest projects in the region

Sur Petrochemical Complex

Cost

10 b

$(USD)

Capacity

300 k

barrels per day

The project will be developed on a BOT basis, enabling long-term control.

Unlocking Oman’s rich resources

Opportunities and Projections

Oman’s petrochemical sector is poised for transformative growth, driven by rising global demand, strategic investments, and Vision 2040’s focus on value-added industries.

Investment Opportunities

Downstream Manufacturing

  • Feedstock Availability: Naphtha, LPG, and natural gas from Duqm Refinery
  • High-Value Products: Solvents, adhesives, and medical-grade plastics

Emerging Technologies

  • AI and Green Tech: Duqm’s AI Zone targets smart manufacturing and waste-to-fuel innovations

Innovation and R&D

  • Opportunities abound in developing advanced materials and sustainable petrochemical processes, aligning with global trends towards green chemistry and circular economies.

Growth Projections

by 2030 -

  • Total demand expected to grow to $1 trillion

Market Expansion -

  • CAGR of 6-8% projected for polyethylene and polypropylene, driven by Asia-Pacific demand

Capacity Growth -

  • Ethylene production to reach 1.6 million tonnes/year by 2030, with new complexes in Duqm and Sur

Sustainability Focus -

  • Green hydrogen integration and circular economy initiatives to reduce carbon footprint
Oman Petrochemical Market
Market Size in USD Billion
نرخ رشد مرکب سالانه (CAGR) 2.4%
دلار آمریکایی 4.46
2025
دلار آمریکایی 5
2030

Unlocking Oman’s Global Connectivity

Strategic Developments and Infrastructure

Special Economic Zone at Duqm (SEZAD)

Strategic Location

Covering 2,000 square kilometers with a 60 km beachfront, SEZAD is positioned as a logistics and marine hub, facilitating easy access to global markets.

Integrated Petrochemical Complex

SEZAD will host a petrochemical complex using secure oil and gas to boost production.

Incentives for Investors

The zone offers incentives like 30 years of tax exemptions and full foreign ownership.

Infrastructure Development

Port of Duqm

This multi-purpose port is designed to handle significant volumes of cargo related to the oil and gas industry, including petrochemical products. It currently manages about 80% of the oil country tubular goods (OCTG) used in regional oil rigs

Logistics Connectivity

Enhanced road access between oil fields and Duqm facilitates efficient transport of raw materials and finished products, bolstering logistical operations for petrochemical companies

Future Expansion Plans

Expansion Projects

Future expansions will accommodate more mega-projects in petrochemicals, enhancing Oman’s position as a key player in the global market

Why Choose Oman for Petrochemical Investment?

Natural Resources

Oman's substantial hydrocarbon reserves provide a reliable feedstock supply for petrochemical production

Government Support

Invest Oman is the government's arm for investments, providing tailored guide for a seamless journey.

Strategic Location

Proximity to key markets in Asia, Africa, and Europe facilitates efficient distribution and export operations.

Advanced Infrastructure

Roads, and industrial zones like Sohar and Duqm tailored for petrochemical logistics

Government Support: Powering Petrochemical Excellence

subsidized land leases for healthcare projects

100% foreign ownership in free zones

Customs exemption for: (Switzerland, Norway, Iceland) - States of America - GCC States Arab States - SingaporeLong-term land leasing options at competitive rates to facilitate industrial growth.

Exemption from customs duties on importing raw materials for factories

Corporate Income tax of 15%

Benefiting from the membership of the Sultanate of Oman in the economic agreements

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