Oman Tank Terminal Company (OTTCO) and Oman Oil Marketing Company (OOMCO) have signed an operations and maintenance agreement for OOMCO’s bunker terminal facility in the Port of Duqm, Oman.
Under the terms of the agreement, OTTCO will provide operation and maintenance, storage, and marine services. The bunker terminal, which will be built on a greenfield site, is currently in the pre-commissioning phase. When complete, it will have a capacity of 30,000 m3 for the storage of heavy fuel oils and lighter distillates like marine gasoil.
The agreement was signed on 18 April 2021 by OTTCO CEO Ard Van Hoof and OOMCO acting CEO Hussain Jama Bait Ishaq. OTTCO says that the deal is the next step in strengthening its strategy of owning and operating a widespread independent terminal network across Oman.
‘We are delighted to formalise 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,’ says Van Hoof.
OTTCO is part of the OQ Group, which also has a 49% holding in OOMCO. OTTCO recently signed agreements with the Port of Duqm for its own liquid export terminal.