This project is currently under planning stage.
The project is still in the conceptual stage.
The Ministry of Energy and Minerals and the Client, a subsidiary of OQ Group, signed a framework agreement for cooperation to develop, build and operate a new pipeline that will be connected to transfer, store and export Oman’s crude oil from the Ras Markaz crude oil storage terminal in the Special Economic Zone at Duqm (Sezad). The agreement enables expansion in the energy sector by meeting the expected growth in Sezad and the energy industry in the Sultanate of Oman. It will also support Oman’s crude oil as a benchmark and for the Ras Markaz Terminal to become a regional hub in alignment with OQ and OTTCO’s growth strategy. The terminal will provide crude oil handling, storage, import and export services for refineries and petrochemicals downstream projects in Sezad and to serve the market needs of customers and other stakeholders. OTTCO will conduct detailed studies and move forward with the execution and implementation of this project. It will provide facilities that might be required for customers, producers and traders of Oman’s crude oil. In addition, OTTCO will also provide all services related to the operations and maintenance of the facilities and assets.
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