Oman plans to boost oil storage capacity

Economic Times - Sep 29, 2026

Oman is planning to double its oil storage capabilities at Duqm port. This initiative aims to attract energy producers looking for alternatives to the Strait of Hormuz. State energy firm OQ SAOC is assessing the purchase of two supertankers. These vessels would be leased for floating storage at the port. Enhanced storage capacity is expected to bolster Oman's strategic position in the energy sector.

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