Oman: Shell Signs Lubricant Storage Deal with Oiltanking
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Monday, 19 December 2011 |
 Sohar based Oiltanking Odfjell Terminals is to receive and store base oils for Shell’s Mina Al Fahal lubricants blending plant under a new ten-year agreement between the two companies. Shell Oman’s Marketing Managing Director, Adil bin Ismail Al Raisi signed the agreement at a visit to Oiltanking’s Office in Sohar Industrial Port, along with Oiltanking Chief Executive Zeger Van Asch Van Wijck.
Shell’s lubricant
blending plant in Oman produces 60m litres of different grades of
lubricants for a range of uses each year. 70% of the product produced at
the plant is exported across the Middle East and Asia. According to
Shell Oman’s Lubricants Plant Manager, Ahmed Hilal, the deal will
greatly benefit the plant. “This agreement will enhance our operational
efficiency by having raw material always available within three hours
drive from plant professionally stored and handled by Oiltanking at
efficient cost avoiding major capital investment and terminal
management,” he remarked.
Oiltanking’s terminal currently has a capacity of 1,267,500 cubic
metres, and will introduce additional storage tanks for Shell Oman’s
base oils as part of a broader expansion project. “Shell Oman is
exploring more export opportunities as this agreement will make us able
to meet local growing demands and increase the plant capacity to produce
up to 100 million litres of lubricants annually,” revealed Shell’s
Commercial Fuel Manager, Said Al Rawahi.
PetrolWorld 19122011
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