The first phase, which is to be commissioned in the second quarter of 2012, would have a storage capacity of 412,000 cubic metres, the firm said in an emailed statement.
In June, Petrochem had awarded a $45 million contract for the first phase to Nico Hydrospace, a subsidiary of Topaz Energy and Marine, it said in a separate email. Topaz is a subsidiary of Oman’s Renaissance Services.
Phase I to be commissioned in the second quarter of 2012. Phase II plan has been planned for a capacity of 600,000 cbm. Upon completion of all phases total capacity will be 1,2 mln cbm
