EXPANDING IN OMAN

OTTCO’s CEO Ard Van Hoof updates Tank Storage Magazine on developments in Ras Markaz and Duqm as well as the implications of COVID-19 and the energy transition Things are busy for Oman Tank Terminal Company (OTTCO) at the moment, between building and expansion work at its Ras Markaz crude oil hub, and a new agreement signed with Oman Oil Marketing Company (OOMCO). It seems, then, a great time to speak to OTTCO CEO Ard Van Hoof, about his company and its plans. ‘OTTCO is a member of Duqm Economic Special Zone (SEZAD), having joined in 2012. OTTCO was established with the intention to develop a crude oil hub in Ras Markaz, designated as a national project as per the Royal Decree No 5/2016, with OQ8 refinery in Duqm as its anchor customer, and the vision of extending tank storage services to other third-party crude oil customers,’ says Van Hoof. ‘OTTCO has adopted a growth strategy of transforming from a project company, focussed on the development of Ras Markaz, to becoming the independent pipeline and storage provider of the Sultanate of Oman. The growth strategy is focussed on the development of an integrated network of terminals with a strong focus on Ras Markaz and Duqm...