The state-backed petrochemical producer reported revenue of RO 112.4 million for the six months to June, up 7.7% from the year earlier. Methanol sales surged by 46% to add RO 3.7 million, while ammonia grew by 38% to contribute RO 3.1 million. Plant performance exceeded expectations, with utilisation running at 103% for methanol and 104% for ammonia, supported by average availability of 99.3%. “These figures show that Oman’s industrial exports are increasingly anchored in methanol and ammonia, reinforcing their importance to the national economy beyond oil and gas”, said an analyst reviewing the results. With global demand for ammonia in fertilisers and methanol in clean fuels and chemicals continuing to grow, Oman’s petrochemical exports are expected to sustain momentum into the second half of the year.