Amec Foster Wheeler announces today the award of a contract by the Oman Tank Terminal Company (OTTCO) for the front-end engineering design of the Ras Markaz Crude Oil Park Project in Oman.
The value of the contract has not been disclosed.
Located 70 kilometres south of the Port of Duqum on the Wusta Coast, the Ras Markaz project involves the phased development of a terminal designed to hold about 200 million barrels of crude oil, making it one of the largest oil storage facilities of its type. The first phase of the project, for approximately 25 million barrels’ capacity, is planned to be on stream by the end of 2018.
We have an excellent and long-standing reputation in Oman and are already working on other key investments in the country. We are delighted to be part of this strategic project.