Oman’s Ras Markaz Terminal Emerges as Key Energy Hub with 17 Million Metric Tons of Petroleum Exports

Muscat : Oman Tank Terminal Company (OTTCO) has exported nearly 17 million metric tons of petroleum derivatives and imported over 950 million barrels of crude oil through its Ras Markaz terminal, underscoring its rising role in the regional and global energy supply chain.

Located within the Special Economic Zone at Duqm (SEZAD), Ras Markaz has become a critical energy hub, strategically positioned along key international shipping lanes in the Indian Ocean. The terminal links Oman to major markets in Asia, Africa, and Europe.

Engineer Salem bin Marhoon Al Hashmi, CEO of OTTCO, highlighted these milestones in a statement to the Oman News Agency, noting the facility’s alignment with Oman’s vision to be a trusted global partner in energy security. The terminal operates under high safety and efficiency standards, supported by robust infrastructure, including eight large storage tanks, floating platforms, seven kilometres of subsea pipelines, and an 80-kilometre pipeline connected to the Duqm Refinery.

OTTCO is also advancing its clean energy agenda, developing infrastructure to store and export green ammonia. As part of this effort, the company has partnered with Dutch storage leader Vopak to position Duqm as a key international logistics and storage hub.

Al Hashmi emphasized that OTTCO is working to implement smart, shared infrastructure and forge global partnerships to boost sustainability and foster knowledge exchange. These initiatives support Oman’s broader ambitions to lead in clean energy exports such as ammonia and green hydrogen.

With a potential storage capacity of up to 200 million barrels of crude oil across a 40-square-kilometre area, Ras Markaz offers international oil companies a secure and strategic alternative for large-scale storage outside the Strait of Hormuz, further cementing Oman’s role in global energy logistics.