Oman Tank Terminal Company (OTTCO) – owned 90% by state firm Oman Oil Company (OOC) and 10% by Takamul Investment – has awarded a front-end engineering design (FEED) contract to UK’s Amec Foster Wheeler for a crude oil terminal at Ras Markaz, 70km south of Duqm on Oman’s Arabian Sea coast.

Amec Foster Wheeler says the project involves the phased development of a terminal designed to hold 200mn barrels of crude oil, making it “one of the largest oil storage facilities of its type.” A first phase with 25mn barrels storage capacity is due onstream by end-2018. (CONTINUED - 288 WORDS)