OQ completes work on Ras Markaz crude storage terminal

OQ completes work on Ras Markaz crude storage terminal

Oman-based OQ, a global integrated energy group, has completed the basic construction works of Ras Markaz crude oil storage terminal whose storage capacity is about 26.7 million barrels.

This oil storage and export project, carried out by Oman Tank Terminal Company (OTTCO), which is part of the global integrated energy group OQ, is the biggest of its kind in the region, reported Oman News Agency (ONA).

The project was built according to the international standards and100% nationally financed.

Ras Markaz crude oil storage terminal, which is located in the Governorate of Al Wusta, is one of the strategic projects in Oman, thanks to its location that mediates the Asian and African markets. It is scheduled to receive the first shipment of crude oil in the first quarter of 2023 to secure the needs of Duqm refinery after the refinery was connected with Ras Markaz through a pipeline that extends for 80 kilometres. Eight huge reservoirs were constructed at Ras Markaz for storing the refinery’s oil.

Salem Marhoon Al Hashemi, General Manager of the project, said: “Ras Markaz crude oil storage terminal aims to store and mix all kinds of crude oil in large quantities. The project has very advanced infrastructure that is capable to