Omani fuel marketing company, Oman Oil Marketing Company (OOMCO) has signed an agreement with the biodiesel project developer Wakud International (Wakud) in order to introduce biodiesel blends in Sultanate.
According to the statement, the two firms will explore the potential of selling different blends of biodiesel to customers in the Commercial and Marine segments.
The company noted that, “For corporations developing de-carbonization strategies, biodiesel can produce immediate impact without any capital expenditure.”
Biodiesel is appealing to marine clients who want to comply with IMO requirements and criteria for low-sulfur fuel because it contains nearly no sulfur, as per the statement.
Tarik Al Junaidi CEO – OOMCO
“OOMCO has been successfully leading the fuel marketing sector in the Sultanate of Oman by being customer-centric and providing the highest level of service to its customers. This collaborative work with Wakud is another example of how OOMCO has always been focusing on customers’ needs as this will allow OOMCO to provide new products that support its customers to achieve their de-carbonization target and drive the Oman 2040 vision towards sustainability. We are proud of Wakud as Omani SME and we trust both of us can contribute to the growth of Oman’s economy.”
As the leader in the fuel marketing sector in Oman, OOMCO is involved in the marketing and distribution of fuel and lubricant products and operates in the sectors of fuel Retailing, direct fuel sales to the government, and the commercial sector, Lubricants, Aviation Refueling and Storage and Distribution.
“We are very excited to work partner with OOMCO to maximize the benefits of the circular economy within Oman. Together, with Wakud’s waste-based biodiesel and OOMCO’s vast distribution network and logistics expertise, we believe we can help customers meet their carbon reduction targets without the need for expensive investment”, said Mr. Maher al Habsi, CEO of Wakud.
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