China’s Mingyuan Group eyes petchem project in Duqm
H E Yahya al Jabri, chairman of the Special Economic Zone Authority in Duqm (SEZAD), invited the Mingyuan Group, a Chinese petrochemical conglomerate, to invest in Duqm during a meeting with the group’s officials on his visit to Dalian city in China.
Ji Hongshuai, chair of the Mingyuan Group, welcomed Oman’s invitation and expressed the group’s aspiration to invest in Special Economic Zone in Duqm (SEZD).
The meeting discussed a number of aspects of the company’s investment in Duqm. The chair of Mingyuan Group emphasised that the petrochemical project the company wishes to implement in Duqm is a specific gas-based project, according to a press release.
Mingyuan Group has an oil refinery and a number of petrochemical projects in the petrochemical industry zone in Dalian.
H E Jabri welcomed the Mingyuan Group to invest in SEZD and promised to provide it with all possible facilities. He also proposed forming a joint working group of the Group and SEZAD to discuss the various details and achieve the objectives of both parties from this investment.
During his visit to China, H E Jabri visited the petrochemical industry complex of the Mingyuan Group and learned about its capabilities and plans to expand its existing project in Dalian port city in Liaoning Province.