Oman Tank Terminal Company (OTTCO), a subsidiary of state-owned Oman Oil Company, has opened a new floating storage facility with a 2.1 million barrel capacity at Mina Al Fahal port in Muscat.
The facility will provide Oman Export Blend to three customers – China Oil, Glencore and Oman Trading International – which will access the unit via a very large crude carrier (VLCC) provided and operated by Oman Shipping Company (OSC). Scheduling and loading of the oil will be managed by Petroleum Development Oman (PDO).
Ship-to-ship transfers will be carried out by Fendercare Marine.
Falling under the Sultanate's Promising Plan for Economic Diversification and Maintaining a Crude Oil Storage Terminal for Oman
A tender for developing the first phase of a large crude storage facility at Ras Markaz near Duqm will be awarded soon