Port of Salalah, omanoil sign lease deal

Business Monday 11/April/2016 18:15 PM
By: Times News Service
Port of Salalah, omanoil sign lease deal

Muscat: Port of Salalah and Oman Oil Marketing Company (omanoil) recently signed a lease agreement for the development of a small to medium capacity fuel terminal in the Port of Salalah.
Planned to be completed by the end of 2016, the project will further enable omanoil’s bunker and trading capabilities and growth in the port.
David Gledhill, chief executive officer of Port of Salalah, said: "This project will greatly enhance the bunkering options available in the Port of Salalah and is an important step to increasing the attractiveness of Salalah to international Shipping Lines."
"The strategic location of Salalah on major shipping lanes makes it a natural location for bunkering operations, and we are delighted to have omanoil in the port working with us to realize this potential,” he added.
Faisal Al Shanfari, omanoil’s acting chief executive officer and general manager of Shared Services, said, “This lease agreement is a new milestone in omanoil’s decade-long history. In addition to its role in expanding our service offering within the bunker supply business, this terminal will help us realize our strategy in Oman’s southernmost Governorate and in turn our vision to serve the nation as a whole.”
“Our partnership with the Port of Salalah can only grow and prosper beyond this point and we are looking forward to a very rewarding future together,” he added.