Oman opens floating storage facility at Mina Al Fahal
MUSCAT, August 29, 2015
Oman Tank Terminal Company (Ottco), a subsidiary of Oman Oil Company (OOC), has launched a new floating storage facility recently, according to a report.
The 2.1 million barrel capacity facility at Mina Al Fahal is targeted for global customers of Oman Export Blend, said the Oman Daily Observer report.
Its three customers - China Oil, Glencore and Oman Trading International (OTI) - won bids for access to the facility on board a very large crude carrier (VLCC), which will be provided and operated by Oman Shipping Company (OSC), it said.
The facility, which was initiated and supported by Oman's Ministry of Oil and Gas (MOG), has been developed in partnership with OSC, Petroleum Development Oman (PDO) and the Dubai Mercantile Exchange (DME).
While the vessel itself will be operated by OSC , scheduling and nomination for the loading of crude oil will be managed by PDO, said the report.
The ship-to-ship (STS) transfers will be executed by Fendercare Marine, an international specialised STS firm, it added.
