25 April 2016
Muscat - Oman Oil Marketing Company (omanoil) recently signed a long-term land lease agreement with Salalah Port Services (SPS) to develop a new marine bunkering and product trading terminal in the Sultanate's southernmost Governorate. The medium-size terminal will help expand omanoil's bunker and trading capabilities, providing ships calling at the Port of Salalah with fueling services by end of 2016.    

Omar Ahmed Qatan, CEO of omanoil, said, "This agreement is a major step forward, one that reflects our ambition of expanding our presence throughout Oman and enhances our ability to serve the shipping industry. Through our partnership with SPS, we will be able to establish a footprint inside the port and efficiently serve our bunker customers. This terminal will also open the door for us to explore new trading opportunities."

He added, "Upon completion, this new facility will further strengthening the Governorate of Dhofar's position as a key logistics hub and center of maritime trade, promising even greater economic and social benefits."

This terminal project by the company forms part of its business diversification drive and will further contribute to the national economic agenda. Since its inception, omanoil has worked with key players to further develop the Sultanate's infrastructure, national workforce, and make major contributions to the economy.

-Ends-

About Oman Oil Marketing Company SAOG
Formed in October 2003, Oman Oil Marketing Company with the brand name omanoil is envisaged to be the future prominent player in fuel and lubricant retail in Oman. Today, the company is involved in the marketing and distribution of fuels and lubricant products and operates in the sectors of fuel retailing, (bulk) fuel sales to Government and the Commercial sector, lubricants, aviation refueling, storage and distribution.

omanoil is a proudly Omani-owned company that leverages the multinational heritage and experience and puts it to practice to benefit Oman. Presently having 166 Filling Stations and 97 ahlain Convenience Stores spread across the country, they are aimed towards providing a dependable local service that is both fast and fulfilling and sets them apart from the competition.

Oman Oil Marketing Company's success is created and maintained by well-trained, motivated and innovative people. The Company is proud to have a diverse team that is dedicated to the overall corporate objectives. Operating in an increasingly competitive business environment, The Company has continued its strong performance focus and consistently achieved its primary safety, operating and financial targets.

For more information, please contact:
Shaza Taher
TRACCS Public Relations
Muscat, Sultanate of Oman
Telephone: +968 24 649-099
Fax: +968 24 649-088
Email: shaza.taher@traccs.net
Website: www.oomco.com

© Press Release 2016