Ras Markaz Oil Storage to be Commissioned by End-of-year
09.15.2022 By Ella Keskin - NEWS

September 15, 2022 [Tank Store Mag] – Oman’s Ras Markaz oil storage facility, located in the Special Economic Zone at Duqm, is due to be commissioned by the end of this year, according to the CEO of Oman Tank Terminal Company (OTTCO).

 

The Ras Markaz facility will initially be able to hold 5.2 million barrels of crude oil for the Duqm Refinery project. The Duqm Refinery project is a joint venture between Oman’s OQ Group and Kuwait Petroleum International.

The Ras Markaz oil storage terminal is due to receive the first cargo for the Duqm Refinery in November amid conversations with customers to store their crude.

With sufficient land, Ras Markaz will also provide blending services to develop itself into a regional crude oil hub.

OTTCO plans to have some 26 million barrels of oil storage capacity at Ras Markaz in its first phases but hopes to increase storage to 200 million barrels.

This development follows from the announcement that Oman Tank Terminal Company to develop pipeline to export Oman crude oil.

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Vopak Pacific Canada Project Has Reached a Significant Project Milestone
11.29.2022 - NEWS
November 29, 2022 [Tank Store Mag] – The Vopak Pacific Canada project has reached a significant... Read More
MISC, Japanese and Chinese Partners Scoop QatarEnergy LNG Prize
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Latest package of newbuild carriers will be constructed by Hudo... Read More
Port Arthur LNG Project Sanction Expected In Early 2023, Says Sempra
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Texas gas liquefaction facility was granted a 50-month extensio... Read More
JBIC and Woodside Move On New LNG Supply to Japan
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Australia’s Woodside Energy has teamed up with the Japan Bank... Read More