OOMCO and OTTCO Inked Agreement Regarding Operations’ OOMCO Terminal

Source: www.gulfoilandgas.com 4/18/2021, Location: Middle East

OQ owned Oman Tank Terminal Company (OTTCO) and Oman Oil Marketing Company (OOMCO) signed an agreement regarding the operations and maintenance for OOMCO’s bunker terminal facility in the port of Duqm. The agreement was signed on Sunday at OQ’s head office in Muscat by Mr. Ard Van Hoof, CEO, OTTCO, and Mr. Hussain Jama Bait Ishaq, Acting CEO, OOMCO.

The agreement represents the strong effort of the two companies to offer a cost-effective proposition to their customers both for the storage of liquid products and marine fuel delivery in the port, as well as the contribution to the competitiveness of Duqm as a regional port.

OOMCO, in which OQ has a 49% shareholding, is currently pre-commissioning a greenfield bunker terminal at the Port of Duqm. This full-fledged terminal will consist of 30,000 m3 storage capacity and is capable of storing and handling both heavy fuel oils as well as lighter distillate products such as marine gasoil. Through the agreement, OTTCO will provide operation and maintenance storage and marine services, making this development a next step in strengthening OTTCO’s strategy of owning and operating a widespread independent terminal network across Oman.

Mr. Ard Van Hoof, CEO OTTCO, highlighted that, “We are delighted to formalize this collaboration with OOMCO. Due to OTTCO’s presence in the Port of Duqm, we are able, through the optimisation of operational resources and capabilities, to offer a cost-effective storage proposition to its customers in combination with a high level of quality of services”.

Hussain Jama Bait Ishaq, OOMCO Acting CEO said “Supporting OTTCO’s presence at the Port of Duqm falls in line with our long-term strategy to transform Oman’s fuel industry. The Port of Duqm has become a preferred trade and shipping destination, which has helped us in providing our services to broaden our global footprint.”


Brazil >>  7/15/2021 - The Abreu e Lima Refinery (RNEST) begins its first scheduled maintenance stoppage since the unit began operating in 2014. Planned to meet regulatory s...
Australia >>  7/14/2021 - Ventia has been awarded a significant long-term maintenance master contract with Chevron Australia for works in the Pilbara region of Western Australi...

United Kingdom >>  7/6/2021 - Petrofac, the leading international service provider to the energy industry, has been awarded a three-year contract extension from Neptune Energy valu...
Norway >>  7/2/2021 - The Petroleum Safety Authority Norway (PSA) has carried out an audit of major accidents and the management of maintenance at Tjeldbergodden. The audit...

Russia >>  7/2/2021 - Yamal LNG (“Yamal LNG”) announced the scheduled maintenance of the first LNG train with a shutdown for 19 days from 1 to 19 August 2021. The regular m...
Canada >>  7/1/2021 - Rolls-Royce plc and the International Air Transport Association (IATA) have signed a joint statement that clarifies the engine manufacturer’s ongoing ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.