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OQ Oman announces that the foundation stone laid for its Strategic Fuel Storage Project in Musandam.
The project, with an investment of over OMR 78 million (approximately USD 204 million), was inaugurated under the auspices of His Excellency Ibrahim Said Al Busaidi, Governor of Musandam, and in the presence of local dignitaries and officials.
The storage facility will serve as a strategic reserve for various fuels, including gasoline (91 and 95), oil gas, and jet fuel, ensuring uninterrupted supply during emergencies. The facility will have a storage capacity exceeding 14,536 cubic metres.
The contract for the project was signed in April 2024, with construction having commenced in September. The project is expected to be ready to receive products in October 2026, and operational by December of the same year, with full completion slated for April 2027.
Additionally, the project will support local economic growth, with 35% Omanisation, 20% of materials supplied by local companies, and 7% sourced from small and medium-sized enterprises. OQ has also offered training opportunities for 12 Omanis as part of its broader commitment to workforce development.
The facility, covering approximately 100,000 square metres, will include storage tanks, a warehouse, a control room, a pump area, a truck loading zone, and fire safety systems.
The project, set to be completed within 36 months, will involve both engineering and construction phases leading to full operation. It will feature a fuel tank terminal and a marine facility to receive ships.
The terminal will have a platform for receiving products, connected to a pipeline at a depth of around 39 metres. The platform will be powered by solar and wind energy. The pipeline will consist of two 12-inch lines, each two kilometres long, and will be accompanied by a parallel fibre optic cable. |
