In a remarkably prescient move just after the implementation of the nuclear deal with Iran at the beginning of 2016, China signed a massive land lease agreement to establish a huge industrial park in Duqm, which would include a number of multi-billion dollar investments, including the Duqm oil refinery. According to the Duqm Refinery and Petrochemical Industries’ chief executive officer, Salem al Huthaili, last week, the US$6 billion Duqm Refinery Project is now more than 25% complete and progress is fast. Overtly, this would allow China…
