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FINANCIAL NEWS
Omanoil to sign bunkering license, land lease agreement with Duqm Company
20 Nov 2013
(MENAFN) Oman Oil Marketing Company (Omanoil) has signed a bunkering license and land lease agreement with port of Duqm Company (PDC) to develop a bunkering terminal and ancillary facilities at the Port of Duqm, according to Times of Oman.
This terminal will provide heavy fuel oil and marine diesel oil, as well as marine lubricants to ships calling at the port and surrounding waters.
The two deals were signed by minister of transport and communications and chairman of Port of Duqm and chairman of Oman Oil Marketing Company, said a company release.
The chief executive officer of Oman Oil Marketing Company stated: “Oman Oil Marketing Company is proud to be the strategic partner of the Port of Duqm Company to help develop the marine business at Duqm. We foresee the Port of Duqm as a future strategic bunker hub in southern Oman and we are both excited and proud to play our part to help achieve this vision. The location and unparalleled logistic potential of the Port of Duqm can help create a gateway that will lead to diversifying the nation’s economy towards regional maritime and transit-trade will lead to diversifying the nation’s economy towards regional maritime and transit-trade.”
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