Region: Greater Middle East
Radiotelevision of Fawaziya
National Headlines | 26 May 2019
PETROCHEMICAL PLANTS EXPANDED TO INCREASE PRODUCTION
SALALAH - The Petroleum Industries of Fawaziya, PetroFA, has planned for the expansions of it's two petrochemical plants, the Salalah Petrochemical Plant and Muscat Petrochemical Plants, as the part of the country's long-term economic plants. The expansion is going to increase the daily production of 300,000 barrels of refined aromatics and 200,000 barrels of refined olefins for the Salalah Petrochemical Plant and increasing the production in the Muscat Petrochemical Plant up to 280,000 barrels of refined aromatics and 190,000 barrels of refined olefins, thereby yielding the national petrochemical production by over US$ 5 billions.
The Head Director of PetroFA, Abd bin el Kashraf, have commented over this project.
"This expansion project will strengthen the Fawaziyan economy and maximize the production to compete higher in the international trade and national petrochemical supplies. The maximization of the petrochemical production will generate higher value products produced from our refineries", he commented.
The project is expected to start this year, and will create over 6,000 of job fields. However, it is still unknown whether there is a foreign involvement or not.
ARAB CURRENCY - A BETTER FUTURE FOR ARABIAN ECONOMY, OR A SHACKLE FOR FAWAZIYAN ECONOMY?
SALALAH - The proposals for the unification of the Arabian economy, has sparked several supports and controversies all over Fawaziya. Economists, Fawaziyan Nationalists, and Arab Nationalists have argued over the economic unification, with major oppositions from Fawaziyan nationalists and hardline left-wing sentiment, fearing that if the Fawaziyan economy merged with other Arabian countries, Fawaziya will lose it's economic independence and getting it's resources absorbed and the economy centralized into the The arab-federation.
Economists and Democratic Socialists have lesser opposition towards the economic unification. They have mixed feelings over the unification, with them argued that the unification is "good for Fawaziya's progress, but will harm Fawaziya's economic independence".
The strong support however, comes obviously from the Arab Nationalists. The Arab Nationalists, mostly from the Arab Watan Party and Nasserist Party has declared vocal support over the economic unification, as it becomes "the early stage towards Arab Unification". Baathist politicians, such as Awf el-Khalili and Furqan Almouwad, states that the unification is necessary for the better future of Arab peoples, both inside and outside of Fawaziya.
As debates goes on, the Regional Representative Assembly hadn't yet decided over the change of currency.
"Economic unification and currency change is hard and a serious matter to discuss as it will affect the Fawaziyan economy, and will take months of considerations", says Salah Amri, member of the Regional Representative Assembly, 4th Electoral Division of Southern Region.