Oman: Independent Bulk Fuel Storage Terminal Opened
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Friday, 27 March 2009 |
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The first independent bulk liquid storage terminal was opened this week
in Sohar Industrial Port at a celebration held under the auspices of
Mohammed bin Nasir al Khusaibi, Secretary General of the National
Economy Ministry in the presence of Sayyid Shihab bin Tariq al Said,
Advisor to His Majesty the Sultan and a number of senior officials.
Ahmed bin Salem al Wahaibi, CEO of Oman Oil Company (OOC) said that
the opening of the first independent bulk liquid storage terminal in
the Sultanate is a new addition to the economic development projects
witnessed by the Sultanate under the wise leadership of His Majesty
Sultan Qaboos bin Said.
In a speech on the occasion, al Wahaibi said that bulk liquid storage
project is one of the projects implemented by OOC in partnership with
companies with solid international experience in oil, gas and energy
fields. These projects will contribute to achieving added value for the
national economy.
While Oman Oil Company owns 25 per cent of the project, the strategic
partner Oiltanking Odfjell Terminals & Co. LLC, one of the
affiliated companies to the Germany-based Marquard & Bahls AG, owns
70 per cent and the remainder 5 per cent is owned by Seven Seas company
of Oman.
The project aims at providing independent logistic services for oil and
oil derivatives industry at Sohar Industrial port including handling
the liquid goods, operation of a multipurpose terminal and managing the
infrastructure related to export and storage operations, he added.
The potential total capacity of Oiltanking Odfjell project, expected to
be built by the mid of this year, is estimated at 848,500 cubic meters
of clean oil and petrochemical products, for storage and processing.
Part of the production capacity will be allocated for the storage of
high quality aromatic compounds that will be produced by the underway
aromatic complex project at the Port area, he concluded.
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