Oman invests US$ 328 mn in new storage hubs

Oman is taking steps to make its supply chain stronger and more crisis-ready with two new fuel storage hubs under construction by OQ, the country’s integrated energy group. These facilities, in Musandam and Dhofar, are backed by a $328 million investment and are designed to secure fuel availability during emergencies and supply disruptions, especially during weather-related crises. The Musandam facility, with a $204 million budget, and the 110,000-cubic-metre Dhofar hub will serve as vital strategic reserves for gasoline and aviation fuel. Together, they will complement Oman’s national logistics network, including the Jifnain terminal and Ras Markaz Crude Oil Terminal, significantly enhancing the nation’s fuel storage and distribution capabilities. Ministry of Energy and Minerals stated, “The storage facility will serve as a strategic reserve for various fuels, including gasoline and aviation fuel, ensuring an uninterrupted supply during emergencies.”