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Downstream
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OQ’s balanced portfolio of upstream, midstream and downstream operations contains significant downstream offerings. In the energy industry, downstream is defined as those processes used to convert oil and gas into end-user petroleum, fuels and other products, such as plastics.
Comprising of refineries, petrochemicals and specialty chemicals, as well as supply chain services and logistics, OQ's downstream business represents an essential link in our integrated value chain. Sustainability mega-trends pushing towards reducing the supply chain's carbon footprint are driving greater efficiency.
As business sector experts, OQ's research-led, industry-focused approach lends itself to developing innovative solutions for our global client network, ensuring security of supply, reliability and affordability.
OQ's downstream value chain produces a broad range of products belonging to numerous consumer categories found in many applications in everyday life.
Operations & Presence
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Following the company’s integration of its legacy companies, OQ offers a complete downstream value chain. OQ can now explore, extract, transport, and then refine and manufacture finished products before they are transported to terminals and handled by our Retail and Trading units, which take it to markets around the region and the world.
The polymer industry in the GCC alone is expected to reach 34.5 million tonnes by 2022, supporting further downstream development.
Being the largest merchant market supplier for oxo materials we are producing more than 70 oxo intermediates and oxo derivatives for customers in a wide range of industries with various end-market applications.
Our chemicals are important ingredients in products used in daily life around the world.
Projects & Investments
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Starting in 1982 with a single refinery producing gasoline, the company that is now OQ has built up its downstream offerings over time, expanding to the Suhar Refinery in 2006, offering gasoline, diesel, jet fuel and liquified petroleum gas (LPG), along with petrochemical products including polypropylene, benzene and paraxylene.
The latest addition to OQ’s downstream offerings is the start of the commissioning phase of our state-of-the-art Liwa Plastics Industries Complex (LPIC) with a total investment of US$6.7 Bn. This marks the execution of the final stages of construction for all four packages leading up to commercial production in Q3 2020. This transformational project will firmly put the Sultanate on the global petrochemicals map and enhance OQ contribution to the national GDP.
Our cutting-edge complex includes a refinery, aromatics plant, steam cracker and downstream polypropylene and polyethylene plants — making it one of the best-integrated refinery and petrochemical facility combinations in the world.
Quality
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OQ is always looking for ways to make its downstream operations more environmentally friendly and sustainable. The company’s commitment to sustainability is a primary goal of our operations going forward, and downstream is a critical component of any improvements that would be made at OQ.
Through operational excellence, we maximise the value generated by our diversified downstream production portfolio.
Growth
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Global demand for Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE) continues to steadily increase, particularly within populous and emerging nations in Asia, such as India and China. HDPE and LLDPE raw materials are essential elements to manufacture a myriad of plastic products for both their domestic and international markets. The establishment of OQ's Liwa Plastics Industries Complex (LPIC) project is ideally primed to meet this international demand.
LPIC allows OQ's capacity for plastics production to be increased by 1 million tonnes — reaching a total of 1.5 million tonnes of polyethylene and polypropylene production. This project reinforces OQ's position as a recognised player in the petrochemicals marketplace and marks Oman's entry into polyethylene production.
Safety
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OQ's businesses are highly regulated in all of the jurisdictions in which we operate. Our domestic and international manufacturing facilities and operations are subject to both national and international regulatory regimes. Regulations that affect our operations mostly relate to areas of environmental protection, product safety and quality, occupational health and safety and process safety.
Health, safety and Environmental, or HSE laws and regulations govern our facilities and our operations, including: storage, handling, treatment and off-site disposal of hazardous substances and wastes, air emissions, waste water discharge and a strong commitment to worker safety. Process safety is a core part of safe and efficient production. We follow our strategy and never compromise on safety in the construction and operation of our plants. We meet high safety standards for the design, construction and operation of our plants around the world.
We have incurred, and will continue to incur, substantial ongoing capital and operating expenditures to ensure compliance with current and future HSE (Health, Safety and Environment) laws and regulations.
We set goals and develop programs to reduce our environmental impact, energy consumption and CO2 emissions, to make the use of water sustainable and to recycle waste.