Ras Markaz Oil Storage Park

Oman Oil and Orbic Group (OQ) has developed an investment programme to bring the crude oil storage park in Ras Markaz, which includes port facilities and oil tanks complex, in addition to developing other locations to attract third-party investments in storing crude oil and hydrocarbons. Located in Duqm, Sultanate of Oman, the terminal covers an area of 1,253ha.[1] Ras Markaz Oil Storage Park is part of the Special Economic Zone at Duqm.

Ras Markaz Oil Storage Park

Ownership

The projected is fully owned by the government of Oman,[2] represented by Oman Tank Terminal Company (OTTCO),[3] which is part of OQ company.

Storage capacity

The storage capacity in the first phase is 25 million barrels of oil[4] and the park is connected to Duqm Refinery through an 80-kilometre long pipeline. Further, eight huge tanks were built to store crude oil at the refinery.[5]

Aramco of Saudi Arabia has signed a MoU for the storage of their products at Ras Markaz.[2]

Commissioning date

Ras Markaz Oil Storage Park is expected to be completed in the first half of 2022.

References
  1. "Ras Markaz Crude Oil Storage Terminal - Hydrocarbons Technology". www.hydrocarbons-technology.com. Retrieved 2022-03-28.
  2. "Ras Markaz Crude Oil Terminal set for Q2 2022 launch". Oman Observer. 2021-12-29. Retrieved 2022-03-27.
  3. Oman Tank Terminal Company (OTTCO)
  4. "The Special Economic Zone at Duqm - Invest - Projects - Ras Markaz Oil Storage Terminal". www.duqm.gov.om. Retrieved 2022-03-27.
  5. "Ras Markaz Oil Storage Terminal to start operations by Q2 2022". Muscat Daily. 2021-12-29. Retrieved 2022-03-27.

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