Oman signed a deal to Develop New Pipeline for Crude Oil Export
The Ministry of Energy and Minerals and Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, signed a framework agreement for joint cooperation to develop, build and operate a new pipeline. It will transfer, store and export Oman’s crude oil from the Ras Markaz crude oil storage terminal in the Special Economic Zone at Duqm (SEZAD). The agreement enables expansion in the energy sector by meeting the expected growth in SEZAD and the energy industry in Oman. The terminal will provide crude oil handling, storage, import and export services for refineries and petrochemicals downstream projects in SEZAD.