OTTCO & Occidental Petroleum sign deal for Ras Markaz Crude Oil Park

Singapore -29 Sep 2017

Oman Tank Terminal Company and Occidental Petroleum signed an MOU to co-operate for store crude at the planned Ras Markaz oil terminal in the sultanate.

The memorandum of understanding covers up to 2 million barrels of Oxy's crude, which could include potentially US crude including WTI.

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In the press

OTTCO Signs a Usufruct Agreement for the Establishment of Ras Markaz Crude Oil Park

Falling under the Sultanate's Promising Plan for Economic Diversification and Maintaining a Crude Oil Storage Terminal for Oman

Ras Markaz crude storage project to be awarded soon

A tender for developing the first phase of a large crude storage facility at Ras Markaz near Duqm will be awarded soon

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