OTTCO operates world class oil storage infrastructure. We provide best-in-class service, connectivity and flexibility for national, regional and international customers – producers, consumers, traders and other market players.
OTTCO represents the next generation of Oman’s diversified infrastructure. OTTCO focuses on leading technology, employment opportunities, environmental standards and a long-term sustainability plan of operations.
OTTCO exploits the geo-political value of Oman’s location and the strategic significance of Ras Markaz. Ras Markaz is located on Oman’s Indian Ocean coastline, 1000kms from the Straits of Hormuz, a potential choke point in the oil supply chain. Our location provides easy access to markets in South Asia, the Far East and Africa as well as land and sea access to producers in the Middle East.
Short & long term commercial storage. Strategic storage. Value-adding services including blending,making and breaking bulk. 24/7 operations.
Ras Markaz is aiming to become a crude hub comparable to international hubs.
OTTCO will provide centralised operations, maintenance and management. OTTCO’s wholly-owned facilities will sit alongside JV’s and sole venture storage. Shared infrastructure will provide OTTCO’s customers with advantages for their Capex, Opex and (operational) management.
Our values of transparency and trustworthiness are the cornerstones of all our relationships. We have a reputation for fairness, value and being a trusted long term partner. We adhere to recognised best practice for HSSE.
OTTCO has the permit to launch floating storage as an interim solution for its customers ahead of the commissioning of the Ras Markaz Crude Oil Park. Customers are able to store over 2 million barrels of Oman Export Blend Crude Oil on board a VLCC (Very Large Crude Carrier) at Mina Al Fahal, Muscat, Oman.
The flexible and dynamic nature of our floating storage facility is characteristic of the approach that we are taking to our onshore projects.
2 m barrels
2 million barrels of crude oil storage capacity
OTTCO works in partnership with a number of important organizations both within and outside of Oman. These public and private sectors entities are essential to the ongoing success of our projects, and it is through close collaboration with our stakeholders that we will deliver on our promise to facilitate the uninhibited flow of oil to the world.
The Board of Directors holds overall responsibility, on behalf of the shareholders, for the direction and oversight OTTCO’s activities.
Our Corporate Governance Policy clearly outlines and defines the principles for the management of the Company. The Policy covers General Principles, the Management Structure of the Company, the Shareholders, Establishment & Proceedings of the Board, Representation & Management by the Board, and Appointment, Representation & Management by the Project Director.
Our Shareholders are the highest authority of the Company, with the role of supervising and directing the Board. OTTCO’s senior executive is the Project Director, who reports directly to the Board. Both are authorised by the Shareholders to represent and manage the company on a day-to-day basis. The Project Director is assisted by a management team appointed and approved by the Board.