MUSCAT : With projects spanning refineries, energy infrastructure, and export facilities, the Group continues to anchor Duqm’s rise as a regional energy hub while championing local value creation and SME growth.
From January 2024 to June 2025, OQ’s projects in the Duqm Special Economic Zone generated more than RO 604 million (USD 1.57 billion) in local added value, a testament to its sustained contribution to Oman’s economic diversification. Local spending alone accounted for over RO 385 million (USD 1 billion), representing 64 percent of total expenditure, underscoring the Group’s commitment to enhancing national supply chains and fostering collaboration with local companies.
Supporting entrepreneurship remains a core focus for OQ. The company spent more than RO 13.8 million (USD 36 million) on small and medium enterprises (SMEs), including RO 9.2 million (USD 24 million) directed to Riyada card holders.
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OQ’s growing portfolio in Duqm includes the landmark Duqm Refinery, jointly developed with Kuwait Petroleum International. The refinery has expanded its production capacity from 230,000 to 255,000 barrels per day and has already exported more than 560 shipments globally, without a single operational incident. Its successful completion of the lenders’ reliability test within ten months highlights the facility’s operational excellence and competitiveness.
Complementing refinery operations, Oman Tank Terminal Company (OTTCO) has managed over 176 million barrels of crude oil via 98 oil tankers, while Marafiq has achieved 100 percent operational availability since March 2024, delivering over 85 gigawatt-hours of electricity and 710,000 cubic meters of water uninterruptedly. Marafiq also plans to invest in new seawater extraction facilities with a daily capacity of 1.4 million cubic meters.
Looking ahead, the upcoming Duqm Economic Forum 2025 will mark another milestone with the signing of a joint venture between OTTCO (51 percent) and Dutch firm Royal Vopak (49 percent) to develop integrated energy storage facilities.
In addition, OQ will soon inaugurate the Oman Oil Top-Up Filling Station, the first of its kind in Duqm to provide biodiesel fuel using a safe top-up system.
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