Shell Oman Marketing Company has signed an agreement with Port of Duqm Company (PDC) to establish fuel bunkering facilities and services.
As per the agreement, Shell Oman and PDC will build a bunkering terminal to supply fuels and lubricants, as well as other ancillary facilities for marine liners visiting the Port of Duqm.
Shell Oman CEO Dr Mohammed Mahmood Al Balushi said: “The development of a marine business at the Port of Duqm will reinforce the strategic partnership between Shell Oman Marketing and Port of Duqm Company.
“Due to the strategic and geopolitical location of the port on the international shipping lines, it is hoisted in the coming years to transform into a regional hub attracting large investments and projects while driving the diversification of the Sultanate’s economy and enhancing its global competitiveness.”
Shell currently has operations in more than 130 ports worldwide. The company provides its customers with a number of marine products and services.
Port of Duqm CEO Reggy Vermeulen said: “This new agreement with Shell Oman underlines the clear ambition of Port of Duqm to become a future bunker hub serving the entire region.
With new global bunker regulations coming into effect from 2020, Port of Duqm plans to take full advantage of its prime location, as well as the availability of the right fuel specs, and offer prime bunker services accordingly.”
PDC, one of the promoters of the Port of Duqm, is a 50:50 joint venture between the Government of Oman and Port of Antwerp Consortium.
Currently in its early operations phase with a commercial quay, Port of Duqm is expected to be fully completed in 2020.
The port is designed to handle 100,000 to 200,000 twenty-foot equivalent units (TEUs), four million tonnes of dry bulk, as well as one million tonnes of project, break bulk and heavy-lift cargos.