Oman Chlorine to set up $70m JV project in Abu Dhabi

14/11/2013 09:23 AST

Oman Chlorine is setting up a $70 million chlorine-alkali plant in Abu Dhabi to cater to the oil and gas sector in the Gulf, its managing director said here yesterday.

Union Chlorine, a joint venture between Oman Chlorine and Abu Dhabi-based private firm Horizon Energy, would produce 70 tonnes per day of caustic soda, hydrochloric acid and sodium hypochlorite. The plant would begin commercial production in the third quarter of 2015.

"It is the natural second step for the company to expand outside Oman. There is a lot of drilling activity going on in the region," Walid Azhari told reporters. He did not detail how the project would be financed.

Muscat-listed Oman Chlorine, set up in 2000, at present caters mainly to its domestic market. It produces 45 tonnes per day of caustic soda and acids, and also has a joint venture in Qatar called Gulf Chlorine.


Agencies

News

Oman Chlorine files anti-dumping complaint on imported calcium chloride

29/12/2025

Oman Chlorine Company has formally lodged an anti-dumping complaint concerning imported calcium chloride products with the Technical Secretariat Office of the General Secretariat of the GCC.

Muscat Daily

The stand alone unaudited financial result for the year 2013

22/01/2014

Oman Chlorine management is pleased to announce the stand alone unaudited financial result for the year 2013.

The company posted profit before tax of RO 3,710K during 2013 as compared to

Press Release

Gulf Chlorine WLL signs a contract

12/01/2014

Oman Chlorine SAOG is pleased to announce that its sister company in the State of Qatar, Gulf Chlorine WLL (51% owned by Oman Chlorine SAOG) has signed a contract with a leading specialized internati

Press Release

Most Viewed Companies

Ticker Price Volume

Valuation

OCHL Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IQCD 12.30 0.15 (1.23%)
QEWS 14.92 0.02 (0.13%)
MPHC 1.25 0.02 (1.62%)
IGRD 3.93 0.03 (0.76%)
OQBI 0.31 0.00 (0.00%)

Recent News

Dubai Investments clarifies status of DIP IPO, says no final decision on timing

28/04/2026

Dubai Investments has clarified that it is still evaluating plans to list a stake in Dubai Investments Park (DIP), following recent media reports about the potential offering and its timeline.

Khaleej Times

Jazeera Airways takes off from T5 after airport reopening

28/04/2026

Jazeera Airways, Kuwait's low-cost carrier, marked its operational return with the first direct flights departing from T5 at Kuwait International Airport.

The flight represents the restorati

Trade Arabia

Wabag-Heisco consortium wins $370m Kuwait desal plant contract

28/04/2026

A consortium of India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, and Heavy Engineering Industries and Shipbuilding Company (Heisco) has been awarded a major con

Trade Arabia

Dr. Soliman Fakeeh Hospital in Madinah launches first Radiation Therapy Center in the region

28/04/2026

In a significant advancement for the region's healthcare sector, Dr. Soliman Fakeeh Hospital in Madinah has announced the launch of the first Radiation Therapy Center of its kind in the region. This

Saudi Gazette

Saudi Awwal Bank signs agreement with Environment Fund to provide credit facilities

28/04/2026

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, announced the signing of an agreement with the Environment Fund (EF), under the patronage of Eng. Abdulrahman Abdulmoh

Saudi Gazette

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap