About Us
Oman Tank Terminal Company (OTTCO), a subsidiary of OQ, was established in 2014 to develop a premier crude oil hub in Ras Markaz. Our vision is to be the preferred energy storage solution provider in the region, leveraging Oman’s strategic location. Our mission is to safeguard and maximize the value in the supply chain for energy products of our strategic partners.
We aim to ensure the seamless flow of oil globally through world-class storage infrastructure and exceptional service for regional and international clients. Expanding Ras Markaz to a capacity of 25 million barrels (potentially 200 million barrels) and enhancing storage at Duqm for clean petroleum and petrochemicals, OTTCO seeks to add significant value to Oman’s oil industry. We also optimize existing storage capacities and explore new opportunities for third-party storage. Currently, we operate seven terminals in Oman with a total capacity of 17.5 million barrels. Our international growth strategy includes M&A initiatives to support OQ affiliates and enhance market positions in the Asia-Pacific and East Africa regions.
OQ – Global Integrated Company
For many decades, OQ has been growing steadily as an energy investment and development company wholly owned by the Government of Oman and plays an integral part of the Oman Investment Authority (OIA). OQ manages direct energy investments within the energy sector such as oil and gas exploration and production, oil refining, petrochemical production, trading, alternative energy, power generation, and infrastructure & transportation for energy. Through strategic partnerships, it has brought foreign investments to the Sultanate of Oman, contributing to the nation’s economic growth and further enhancing the energy security.
- Oman Oil Marketing Company (OOMCO)
- OQ RPI
- OQ Gas Network (OQGN)
- OTTCO
- OQ Exploration and Production (OQEP)
- OQ Business Industries (OQBI)
- Sohar Paper Cores LLC (SPC)
- Oman Aluminum Rolling Company (OARC)
- OQ Alternative Energy (OQAE)
- MUSCAT GAS
- OQ Trading Limited (OQT)
- MUSANDAM POWER
- MUSCAT GAS
- ABRAJ
The creation of the currently integrated conglomerate translates into a greater global reach, maximises the overall value chain, and promotes sharing of resources and expertise. Despite the increased size, the newly created synergies ultimately unlock improved accessibility and ability to be nimble as well as business excellence opportunities.
WWW.OQ.COM
