Oman Oil and Orpic Group have signed an MoU with SK Engineering & Construction for the development of the storage and terminal business in Duqm.
The MoU covers the development of a storage and terminal business in the country's special economic zone. Both parties will work closely to establish an anchor customer base and explore interest from strategic partners for the project.
The project will focus on utilising natural caverns to store oil and taking advantage of Oman's geological formations and geographical location.
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