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Oman oil company wins EPC contract for SMC

MUSCAT — Oman Oil Company (OOC) yesterday announced the signing of the engineering, procurement and construction (EPC) contract for the Salalah Methanol Company (SMC), a RO350 million state-of-the art methanol production facility to be set up in the Salalah Free Zone.

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Published: Tue 13 Mar 2007, 9:16 AM

Last updated: Sat 4 Apr 2015, 10:48 PM

The contract was awarded to GS Engineering and Construction Company (GSE&C). It was signed for SMC by Maqbool bin Ali Sultan, minister of commerce and industry and chairman of OOC, and Sang-Ryong Woo, Chief Executive Officer and President, GSE&C.

"We are proud to develop our latest project in Salalah Free Zone, which comes in line with the government's strategy to diversify the economy," Sultan said on the occasion. "The project will not only enhance future downstream methanol-based industries but will also provide training and job opportunities for Omanis," he added.

SMC, wholly owned by OOC and formed in February 2006, has been set up to own, operate and maintain the plant. Commercial operations are scheduled to commence in the first half of 2010. A spokesman for the company said it would start hiring Omanis "at an early stage of the project and provide extensive training to enable them to be ready to operate and maintain the plant once completed."


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