Duqm Refinery and Petrochemical Industries will operate the upcoming Duqm II liquids storage terminal, located in Al Wusta in Oman. Expected to start operations in 2023, the liquids storage terminal will be owned by Kuwait Petroleum and OQ SAOC.
Expected to be operational in 2023, the terminal will primarily store crude oil and petroleum products and will have pipeline and sea access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 56,73,000
Tank Size Min (bbl): 16,000
Tank Size Max (bbl): 3,00,000
Number of Tanks: 40
During the period 2021-2025, the Duqm II storage terminal is expected to witness an estimated capex of $137.85m.
Contractors involved in the Duqm II liquid storage terminal
Some of the key contractors for the Duqm II storage terminal include the following.
Design/FEED: Worley.
Main EPC: Chicago Bridge & Iron, Eni.
EPC: Royal Boskalis Westminster, Worley.
About Duqm Refinery and Petrochemical Industries
Duqm Refinery and Petrochemical Industries LLC is a joint venture between Oman Oil Company S.A.O.C. (OOC) and International Petroleum Investment Company (IPIC), engaged in operating and managing development of the planned refinery and petrochemical complex in Duqm.
Methodology
Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.