Oman launches floating storage facility in Muscat

Oman Tank Terminal Company (OTTCO), a subsidiary of state-owned Oman Oil Company, has opened a new floating storage facility with a 2.1 million barrel capacity at Mina Al Fahal port in Muscat.

The facility will provide Oman Export Blend to three customers – China Oil, Glencore and Oman Trading International – which will access the unit via a very large crude carrier (VLCC) provided and operated by Oman Shipping Company (OSC). Scheduling and loading of the oil will be managed by Petroleum Development Oman (PDO).

Ship-to-ship transfers will be carried out by Fendercare Marine.

Read full article