Kuwait and Oman's Strategic Petrochemical Partnership

Kuwait Petroleum International and Oman's OQ have signed a deal to develop a petrochemicals complex in Duqm. This move follows OQ's announcement that it was seeking partners after Saudi Arabia's SABIC withdrew from the project. The agreement represents a key step in expanding regional energy collaboration.

Kuwait Petroleum International has partnered with Oman's state energy group, OQ, to develop a significant petrochemicals complex in Duqm, according to Kuwait's state news agency.

The announcement marks a critical progression in the project's timeline, following previous talks initiated by OQ when Saudi Arabia's SABIC exited the collaboration.

This agreement underscores a strategic cooperation between Kuwait and Oman, further bolstering their positions in the regional and global energy markets.

(With inputs from agencies.)