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FinancialNews
06-07-17
Duqm inks deal to boost Ras Markaz crude oil storage terminal
(MENAFN) The Special Economic Zone Authority at Duqm has given Oman Tank Terminal Co. the right to build Ras Markaz crude oil storage terminal.
Furthermore, the deal was executed on behalf of Sezad by Yahia bin Said Abdullah Al Jabri in this capacity as the chairman of the board.
Additionally, the establishment of Ras Markaz crude oil terminal falls under the Sultanate's plan for economic diversification and keeping a crude oil storage terminal for Oman.
Ras Markaz is situated 70-km south of Al Duqm Center and the whole area collected for the storage terminal is 1.253 hectares which is convenient for high storage capacities.
MENAFN0607201700450000ID1095602908
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