Muscat: Oman Oil Marketing Company's (omanoil) $50 million-bunkering terminal at Duqm port will be completed within two to three years, if everything goes as planned, said the company's chief executive officer Eng Omar bin Ahmed Salim Qatan.
Addressing the media to announce the premier oil marketing company's tenth year anniversary, he said the bunkering project is progressing as per the plan. "It is in the design stage and construction will start in 2014 and then it takes another two years to complete the project," Eng. Salim Qatan added.
omanoil recently signed two agreements — a bunkering licence and land lease pact — with Port of Duqm to develop a bunkering terminal and provide refueling services at the port, which is envisaged to become the Sultanate's epic centre for international commercial trade.
This terminal will provide heavy fuel oil and marine diesel oil, as well as marine lubricants to ships calling at the port and surrounding waters.
"Our efforts are centred on enhancing Oman's global competitiveness and diversifying the nation's economy through strategic partnerships. We have, and will continue to design our business objectives to reinforce the country's developmental ambitions and serve landmark projects with complete and customised fuel package solutions."
In 2010, omanoil fortified its marine business by signing a landmark agreement with its joint venture partner
from Germany to form Matrix Marine Holdings and today, it is the sole active bunker fuel sup- plier in the Port of Sohar.
omanoil is celebrating its tenth anniversary as a leading home- grown establishment with pioneering performance that has inspired the next 10-year chapter of its journey in the oil and gas industry. To commemorate this historic milestone, the fuel and lubricants marketing company will host a special gala dinner under the patronage of Nasser bin Khamis Al Jashmi, Undersecretary of the Ministry of Oil and Gas.
Having opened its first filling station in 2003, omanoil has carved a name for itself with a strong foothold of 151 filling stations across the country. "We harness our strategic locations to better reach the country's growing population in all corners of the Sultanate, enriching the daily lives of communities with quality products and services as a true friend on the road," Eng. Qatan further added.
omanoil's convenience store brand 'ahlain' was born in 2009, reinventing the concept of a one-stop shop and welcoming guests in a vibrant and friendly environment. The company's innate understanding of Omani hospitality, coupled with the adoption of international best practices has enabled omanoil to provide the highest standard of customer care and memorable shopping experiences.
This year, as part of its strategy to diversify its product offering, omanoil also introduced its own brand of lubricants to the Omani market with the aim of offering local products of international standards. omanoil lubricants cater to every vehicle need and have been formulated especially for the country's terrain and austere weather conditions during the summer.
Also this year, the company broke its safety record at the joint venture terminal in Mina Al Fahal with 21 years of no Loss Time Injury operations, paying tribute to its robust Health, Safety, Security and Environment policies. "We foster a working environment in which our employees can reach their full potential and hope to create a sense of comfort and trust as they walk through our doors with the belief that their health and safety are our number one priority," added Eng. Qatan.
High Omanisation rate
Over the last 10 years, omanoil's workforce has grown by almost 200 per cent and the company has maintained a high Omanisation rate of 84 per cent.
Focusing its efforts on nurturing local talent, omanoil is cultivating future leaders who will propel the company forward and leave a positive legacy.
Financial performance also bears testament to omanoil's efforts over the last decade as its revenues grew by an average of 15 per cent year-on-year and profits by 12 per cent.