Project Profile
Value: Undisclosed
Location: From Oman\'s Main Oil Line in central Oman in Nihayda to the Ras Markaz Terminal near the Duqm coast, Oman
Capacity: Unknown
Length: 440 km
Start-up Year: -
OTTCO will build a new crude oil pipeline that will link Oman\'s Main Oil Line in central Oman with the Ras Markaz Terminal. The 440km-long pipeline, whose capacity will be determined as part of a broader study of the storage hub project, will travel from Nihayda to the Duqm coast. Nihayda is where Omani crudes pumped from different fields is collected and mixed to form the Oman blend before it is pumped via the Main Oil Line to Mina al Fahal for export. This proposed pipeline from Nihayda to Ras Markaz will also serve as a second export line for Omani export crude. Oman Tank Terminal Company LLC (OTTCO) has been set up by Oman Oil Company SAOC (OOC), the wholly government owned energy investment vehicle, in partnership with its downstream investment subsidiary, Takamul Investment Company. OTTCO is owned 90% by OOC and 10% by Takamul
Operators:
Oman Tank Terminal Company LLC (OTTCO): Operator with 100% interest
Oman Oil Company SAOC (OOC): 90% interest of OTTCO
Takamul Investment Company interest: 10% interest of OTTCO
Contractors:
Amec Foster Wheeler: Contract by the Oman Tank Terminal Company (OTTCO), for the front-end engineering design of the Ras Markaz Crude Oil Park Project in Oman.