Oil and Gas projects in Oman

Ras Markaz Crude Oil Park

Description

The Ras Markaz Crude Storage Facility will be located near the new economic zone under development at Duqm on the sultanate’s east-central coast. The execution of the two projects is thus closely intertwined, and progress to the terminal’s own construction phase is likely to await long-anticipated finalisation of commercial agreements relating to the refinery – the centrepiece of the envisioned downstream hub – due in 4Q2017.

Recent Updates

  • 15 September 2017 - Bids were recently submitted to OTTCO for the engineering, procurement and construction (EPC) contra...
  • 10 September 2017 - Oman Tank Terminal Co LLC (OTTCO) has been established to own and operate the new storage facility i...
  • 10 September 2017 - Amec Foster Wheeler awarded a contract by the Oman Tank Terminal Company (OTTCO), for the front-end ...

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