Oman Oil signs pact with Asyad Group for bunker fuel supply

Business Tuesday 22/June/2021 17:32 PM
By: Times News Service
Oman Oil signs pact 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 position as a global logistics 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 a 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.