Oman’s Port of Duqm explores various opportunities in oil & gas sector

By Shilpa Annie Joseph, Official Reporter
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Oman’s Port of Duqm Company (PODC) has organized a forum on “Business Opportunities at Port of Duqm,” in collaboration with the Oman Society for Petroleum Services (OPAL) and Oman logistics Association (OLA)

The forum attracted oil and gas companies operating in the Sultanate of Oman and discussed the different opportunities available in the energy sector. The forum aimed at encouraging business collaboration with Port of Duqm.

The Port of Duqm is currently supporting the oil and gas industry, serving both the upstream and downstream sectors.

According to the statement, “Further growth in cargo volumes are expected as downstream petrochemical projects developed in Duqm. Eventually, the Port of Duqm will essentially be serving Al Wusta Governorate particularly, which is rich in oil and gas.”

Reggy Vermeulen
Reggy Vermeulen
CEO – Port of Duqm

“The Port of Duqm is rapidly becoming a new commercial gateway, thanks to its strategic location. While unlocking its full potential to further grow its activities, the Port is opening up great prospects for cooperation, creating business opportunities in the oil and gas sector. It is standing as a port of call and a hub of economic activity for key corporates and oil and gas players. The Port is, further, facilitating the import of raw materials and re-export of goods. Capitalizing on its existing infrastructure and abundant land area, the Port offers opportunities to accommodate storage and distribution facilities for oil and gas cargo logistics. This is based on the rise of cargo operations, which we are currently servicing while intending to offer space leasing for cargo too.”

“It is the clear vision of the Port of Duqm to become the region’s most preferred multi-purpose port, and the entire marketing strategy is built around that. In view of that, all major shipping lines like Maersk, CMA CGM, MSC, Hapag Lloyd, and Evergreen have acknowledged Duqm as the end destination for their containers, and containerized cargo is being shipped to and from Duqm accordingly,” Mr. Vermeulen added.

For his part, Mr. Abdulrahman al Yahyaei, CEO of OPAL, said that, “The Special Economic Zone at Duqm is offering several investment opportunities and I’ve witnessed incredible growth and development in the recent past. Oman is taking a serious aspiration for the establishment of attractive projects in Duqm while the infrastructure is being upscaled almost on daily basis.”

Related: Oman’s Al Maha inks deal with Port of Duqm for bunkering services