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FINANCIAL NEWS
Omani OOCEP launches 1st freight of oil
12 May 2016
(MENAFN) Oman Oil Company Exploration & Production LLC (OOCEP), a unit of Oman Oil Company (OOC), has finished the loading of the 1st shipment of crude oil that was fully processed at Musandam Gas Plant on May-4.
The tanker ‘VLCC TSURUGA’ safely lifted nearly 300,000 barrels of crude from Musandam terminal for crude oil export, and it departed the single point mooring upon the successful completion of the loading operation.
Musandam Gas Plant processes production fluids from the nearby offshore Bukha A and West Bukha fields and has a processing capacity of almost 45 million cubic feet of gas and 75 tons of LPG per day.
“the achievement of this very significant event marks the MGP Terminal as the second Omani crude export terminal after Mina Al Fahal on the international crude oil trade routes,” said the Musandam Gas Plant project director.
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