Oman Awards Ras Markaz Crude Terminal FEED

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.

Water depth at the port of Ras Markaz is more than 30ms, which will enable the terminal to handle the largest crude carriers. The terminal will include tanks ranging in capacity from 750,000 barrels to 1.75mn barrels. Crude oil will be delivered through a 440km pipeline from the crude oil trunkline at Nahada in central Oman. (CONTINUED - 288 WORDS)