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
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
Market Size in USD Billion
Unlocking Oman’s Global Connectivity
Strategic Developments and Infrastructure
Special Economic Zone at Duqm (SEZAD)
Strategic Location
Integrated Petrochemical Complex
Incentives for Investors
Infrastructure Development
Port of Duqm
Logistics Connectivity
Future Expansion Plans
Expansion Projects
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
Umman’daki başarınıza biz rehberlik edelim
Umman’ın Gelişen Sektörlerindeki Fırsatları Keşfedin
Invest Oman ve çeşitli devlet kurumları tarafından titizlikle hazırlanan Umman’daki zengin yatırım fırsatlarını keşfedin.
Yatırım Fırsatlarını KeşfedinYatırım Vizyonunuzu Şekillendirmek İçin Bizimle Ortak Olun
Benzersiz yatırım hedefleriniz mi var? Umman’da size özel bir başarı yol haritası oluşturmak için uzmanlarımızla iletişime geçin. Girişiminizin potansiyelini en üst düzeye çıkarmanıza yardımcı olmak için buradayız.
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