PHOTO
21 March 2016
Muscat: State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said that it will contribute $6.5 billion (equivalent to 8 to 9 per cent) to the gross domestic product (GDP) of the Sultanate.
Three large multi-billion ongoing expansion projects -- Sohar Refinery Improvement Project, Liwa Plastics Industries Complex and Muscat-Sohar product pipeline -- will immensely contribute to the revenue of Orpic. These projects are expected to go on stream within four years.
Making a presentation on the achievements of Orpic on Sunday, Dr Hilal Al Hinai, general manager, corporate support services at Orpic, said that currently the company's contribution is $4.2 billion, which is equivalent to 5 per cent to the country's GDP.
The primary objective of Orpic's expansion programmes is to further increase value addition of Oman Crude.
All of Orpic's strategic expansion projects are progressing as per schedule. The combination of the three projects represents a growth strategy that revolves around increased integration within the manufacturing complex, and the production of a broader slate of petrochemical products that will enable Orpic to extract more value from the oil and gas molecules of the Sultanate.
Orpic is contributing to Oman's revenue by refining 20 per cent of the total net crude of 940,000 barrels per day produced by the upstream energy firms in Oman.
Orpic refines the crude at Mina Al Fahal and Sohar refineries, using state-of-the-art technologies. Mina Al Fahal refinery operated at 92 per cent of its capacity, which is the highest in the last four years.
Referring to Liwa Plastics Industries Complex, Dr Al Hinai said it will be a highly integrated complex, which will help increase plastics production by one million tonnes.
With over 1,600 employees, Orpic's safety record continued at an exemplary level. Last year witnessed a record performance in Lost Time Injury (LTI) wherein Orpic had LTI free operations across all plants. While all strategic growth projects performed well, Sohar Refinery Improvement Project (SRIP) achieved 17 million man hours and Muscat-Sohar Product Pipeline (MSPP) achieved 1 million man hours without LTI. The polypropylene plant completed eight years without LTI, Aromatics Plant completed six years without LTI, Sohar Refinery completed two years without LTI whereas Mina Al Fahal completed one year without LTI.
In 2015, Orpic recruited 800 employees and trainees across different functions and departments. In the Employee Development Index, 491 Omani employees were assigned to perform more complex jobs across both Mina Al Fahal and Sohar refineries.
The company awarded 20 scholarships as part of Orpic Scholarship Programme to bright young Omani students to study in leading universities across the world. As part of its endeavor to encourage employee development, Orpic not only confirmed 214 trainees, but also launched the Talent Management System.
Orpic's strategic growth projects will have immediate commercial benefits to the business. It will have impact in other areas with 300 direct, permanent jobs within the projects, as well as around 2,400 Omani contract roles over the project lifetime. In the region, 900 indirect jobs will be generated by multiplier effects of LPIC and SRIP on the local economy.
Muscat: State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said that it will contribute $6.5 billion (equivalent to 8 to 9 per cent) to the gross domestic product (GDP) of the Sultanate.
Three large multi-billion ongoing expansion projects -- Sohar Refinery Improvement Project, Liwa Plastics Industries Complex and Muscat-Sohar product pipeline -- will immensely contribute to the revenue of Orpic. These projects are expected to go on stream within four years.
Making a presentation on the achievements of Orpic on Sunday, Dr Hilal Al Hinai, general manager, corporate support services at Orpic, said that currently the company's contribution is $4.2 billion, which is equivalent to 5 per cent to the country's GDP.
The primary objective of Orpic's expansion programmes is to further increase value addition of Oman Crude.
All of Orpic's strategic expansion projects are progressing as per schedule. The combination of the three projects represents a growth strategy that revolves around increased integration within the manufacturing complex, and the production of a broader slate of petrochemical products that will enable Orpic to extract more value from the oil and gas molecules of the Sultanate.
Orpic is contributing to Oman's revenue by refining 20 per cent of the total net crude of 940,000 barrels per day produced by the upstream energy firms in Oman.
Orpic refines the crude at Mina Al Fahal and Sohar refineries, using state-of-the-art technologies. Mina Al Fahal refinery operated at 92 per cent of its capacity, which is the highest in the last four years.
Referring to Liwa Plastics Industries Complex, Dr Al Hinai said it will be a highly integrated complex, which will help increase plastics production by one million tonnes.
With over 1,600 employees, Orpic's safety record continued at an exemplary level. Last year witnessed a record performance in Lost Time Injury (LTI) wherein Orpic had LTI free operations across all plants. While all strategic growth projects performed well, Sohar Refinery Improvement Project (SRIP) achieved 17 million man hours and Muscat-Sohar Product Pipeline (MSPP) achieved 1 million man hours without LTI. The polypropylene plant completed eight years without LTI, Aromatics Plant completed six years without LTI, Sohar Refinery completed two years without LTI whereas Mina Al Fahal completed one year without LTI.
In 2015, Orpic recruited 800 employees and trainees across different functions and departments. In the Employee Development Index, 491 Omani employees were assigned to perform more complex jobs across both Mina Al Fahal and Sohar refineries.
The company awarded 20 scholarships as part of Orpic Scholarship Programme to bright young Omani students to study in leading universities across the world. As part of its endeavor to encourage employee development, Orpic not only confirmed 214 trainees, but also launched the Talent Management System.
Orpic's strategic growth projects will have immediate commercial benefits to the business. It will have impact in other areas with 300 direct, permanent jobs within the projects, as well as around 2,400 Omani contract roles over the project lifetime. In the region, 900 indirect jobs will be generated by multiplier effects of LPIC and SRIP on the local economy.
© Times of Oman 2016
