New Oil Refinery for Oman

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New Oil Refinery for Oman

Oman plans to more than double the output of its oil refineries by 2019 by upgrading its plants and building a new one.

The move is expected to increase the country’s refining capacity by 312,000 bbl/day by 2019, enabling the country to boost exports and compete with OPEC countries for a larger chunk of the global market.

Oman is not a member of the OPEC agreement, and its two current refineries produce 222,000 bbl/day. Much of that is absorbed by Asia, while China buys in a lot of medium sour crude called Oman blend.

Oman plans to expand its state-owned Sohar plant to boost refining capacity by 70%. Once completed, the plant will be able to process heavier crude oil for export.

Source: Arabian Industry

More info: http://tinyurl.com/nmqe96z

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.