Oman Oil Marketing Company signs with Asyad Group for bunker fuel supply

The agreement, under which OOMCO will supply the OSMC with different grades of Marine Fuels in all ports of Oman, marks a long-term strategic business collaboration that seeks to cement the Sultanate's posi-tion as a global logistic hub

  
Oman Oil Marketing Company signs with Asyad Group for bunker fuel supply

Muscat – Marking a major milestone in its marine business, Oman Oil Marketing Company (OOMCO) has signed a Memorandum of Strategic Collaboration (MSC) with Asyad Group through its Ship Management for the provision of bunker fuels. The agreement, under which OOMCO will supply the OSMC with different grades of Marine Fuels in all ports of Oman, marks a long-term strategic business collaboration that seeks to cement the Sultanate’s posi-tion as a global logistic hub. As a key player in Oman’s fuel supply chain, OOMCO continues to expand its commercial services, while building a reputation for high quality, secure and reliable solutions.

Hussain Jamaa Bait Ishaq, Oman Oil Marketing Company’s Acting CEO, said, “OOMCO is already active in bunker supply in all major ports of Oman and this collaboration, with the major player of the country’s marine transportation sector, marks another critical milestone in our journey towards creating long-term relationship and develop a sustainable maritime business in Oman. Through it, we will be able to provide high quality fuel to vessels calling at all Oman ports, while contributing to the strategic growth of the bunker business in Oman and in particular in Duqm Port.”

Dr. Ibrahim Bakhit Al Nadhairi, CEO of Asyad Shipping & Drydock, added, “It is our aim to place Oman as an effective player in the global maritime industry, contribute to the logistics sector by strengthening the connectivity between Omani ports and global ports. Through this important collaboration, we are creating a strategic platform which will encourage ship owners to call Omani ports, as well as maximizing the returns of the shipping sector in the national economy.”

OOMCO provides a complete range of bunker fuel supply and services in all major ports of Oman, including in the Port of Duqm. OOMCO is currently constructing a Greenfield bunker terminal at the Port of Duqm to support in providing competitive bunker fuel for all customers calling Duqm Port.

- Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases