Built to inform

Sign up for the daily newsletters

No, Thank you

Oman to build $400m oil storage terminal in Duqm

The terminal, 70km away from Duqm, will reportedly be constructed by a subsidiary of state-owned Oman Oil Company

Oman's oil terminal will be built in Ras Markaz. [Representational image]
Oman's oil terminal will be built in Ras Markaz. [Representational image]

Oman has revealed plans to construct an oil storage terminal in Ras Markaz, 70km from Duqm. 

The Sultanate's minister of oil and gas, Mohammad bin Hamad al-Rumhy, expects the project to cost between $300m and $400m (OMR115.5m to OMR154m). 

Duqm is already the site of port and industrial zone construction projects being implemented by the Sultanate. 

State-owned Oman Oil Company's (OOC) subsidiary will construct the terminal. 

Rumhy has not specified the project's construction schedule. 

The first phase of the facility will have a capacity of between six million and 10 million barrels of oil, and is expected to serve an oil refinery planned for Duqm. 

Capacity can be expanded to 200 million barrels. 

Remarking on the project, Rumhy said: "OOC will continue to develop the project and increase the number of tanks according to the level of demand in the oil storage market.

"Our ambition for Ras Markaz is to be one of the largest oil storage hubs worldwide," he added, according to Reuters.

Most popular


CW Oman Awards 2019: Countdown begins for gala event in Muscat
The winners and highly commended entries of the eighth CW Oman Awards will be named


Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy
Construction Week's Leaders Kuwait 2018 summit opens
Speakers from Kuwait's Supreme Council for Planning and Development and CSCEC ME are at today's

Latest Issue

Construction Week - Issue 734
Mar 21, 2019