MUSCAT: Several Gulf and international countries are exploring the possibility of storing crude oil at Oman’s Ras Markaz oil storage terminal in Duqm, highlighting the growing strategic importance of the Sultanate’s energy infrastructure amid evolving global supply dynamics.
His Excellency Abdulsalam Al Murshidi, President of the Oman Investment Authority (OIA), said the facility is attracting increasing regional and international interest due to its location and large storage capacity.
Speaking during a media meeting organised by the OIA, Al Murshidi said the Ras Markaz terminal can accommodate crude volumes equivalent to between one week and one month of Oman’s total oil exports.
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The terminal, located near the Port of Duqm on Oman’s Arabian Sea coast, is considered one of the region’s key strategic crude storage facilities and is designed to support both commercial storage and export operations.
The remarks come as energy producers and trading nations increasingly seek diversified storage and logistics hubs outside traditional Gulf transit chokepoints, reinforcing Duqm’s role as a rising regional energy and maritime centre.
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