As part of its efforts to broaden its services and serve the Sultanate’s expanding fuel needs, Oman Oil Marketing Company has entered into a long-term fuel supply agreement with the Port of Duqm.
Through the contract the fuel marketing company will provide the port, where it is the sole licensed fuel marketer, with a high capacity Mobile Fuel Station. The agreement was signed between David Khalife, Chief Executive Officer of Oman Oil Marketing Company, and Reggy Vermeulen, Chief Executive Officer of Port of Duqm, at the port’s head office. Part of the company’s long-term strategy to transform Oman’s fuel industry, the contract complements its existing operations at the strategically significant port, where it is in the process of building physical storage facilities, including a bunker fuel terminal.
“Oman Oil Marketing Company has been steadily growing its marine business, and building our reputation for providing high-quality fuel services. Our ongoing relationship with the Port of Duqm is a testament to this and we’re pleased to support them as they develop the port into an international commercial gateway and an important strategic hub for industrial and economic investment,” said Amer Jaboob, General Manager of B2B at Oman Oil Marketing Company. “Providing our services there not only broadens our exposure beyond Oman, but is an important part of our efforts to serve the evolving fuel needs of the country and support economic development.”
The agreement is the latest in a string of alliances the fuel marketer has made with some of Oman’s largest development projects as part of an ambitious diversification strategy. The company is also looking into further expansion opportunities elsewhere. With a focus on the development of strategic partnerships and offering high quality services to all its customers, the company aims to position itself among the top five fuel marketers in the GCC by 2025.