Oman to develop region's largest oil terminal

17 January 2013

Oman storage facility will have capacity to store 200 million barrels of oil

Oman Oil Company and its subsidiary, Takamul Investment Company, has set up a new enterprise that will build, own and operate (BOO) an oil terminal at Ras Markaz in the Al-Wusta region of Oman.

The terminal will be the largest in the Middle East and have a capacity of 200 million barrels of oil. The scope of works will include a 440-kilometre pipeline that will be constructed between the terminal and Nahada. As part of the agreement, the company will also develop strategies to store crude oil in Oman.  

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