Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |
Encyclopedia

Duqm Refinery Becomes Operational

Account of the Duqm Refinery becoming operational, a landmark achievement in Oman downstream industrialisation strategy.

Overview

The commissioning and operational start of the Duqm Refinery represents one of the most significant industrial achievements in Oman’s modern history. The joint venture between Oman and Kuwait, this world-scale refinery transforms crude oil into high-value petroleum products including diesel, jet fuel, naphtha, and liquefied petroleum gas. Located within the Duqm Special Economic Zone, the refinery anchors an integrated industrial ecosystem that is attracting downstream petrochemical and manufacturing investment.

Key Points

The refinery has a processing capacity of 230,000 barrels per day, making it one of the largest in the region. The project required investment of approximately nine billion dollars and created thousands of construction and permanent operational jobs. The facility incorporates modern environmental standards including emissions controls and water recycling systems. Crude oil is supplied via a dedicated pipeline from the interior, while refined products are exported through Duqm’s deep-water port to international markets.

Current Status

The refinery has achieved stable operations and is processing crude at design rates. Product quality meets international specifications for export markets. The facility has exceeded Omanisation targets for its operational workforce. Ancillary businesses including maintenance, logistics, and catering services have developed around the refinery, creating a multiplier effect on local employment. Plans for integration with planned petrochemical facilities would further enhance the industrial value chain at Duqm.

Vision 2040 Context

The Duqm Refinery exemplifies Vision 2040’s industrial diversification strategy, adding value to raw materials domestically rather than exporting crude oil. The refinery generates higher-margin revenues, creates skilled employment, and anchors a broader industrial cluster that attracts investment in petrochemicals, plastics, and specialty chemicals. Duqm’s transformation from a fishing village to an industrial city demonstrates the scale of Oman’s development ambition.