News
Ras Markaz crude storage project to be awarded soon

A tender for developing the first phase of a large crude storage facility at Ras Markaz near Duqm will be awarded soon.
The first phase will have a storage capacity of 10 million barrels of crude oil.
Tenders have been submitted by bidders for the first phase, said Salim bin Nasser Al Aufi, undersecretary at the Ministry of Oil and Gas.
Overseas investors
The facility will be expanded with investment from overseas investors.
Referring to Duqm refinery development plan, he said the refinery will receive 65 per cent of its crude requirements from Kuwait and 35 per cent from Oman. Duqm refinery is a 50:50 joint venture between Oman and Kuwait and an agreement between the two countries will be signed on April 10.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
You must be logged in to post a comment Login