New bunker terminal set for Q2 launch at Port of Duqm
Muscat, Oman, February 2, 2021 Oman Oil Marketing Company (OOMCO), the domestic fuel marketing subsidiary of OQ Group, has said it plans to commission its new bunker terminal at the Port of Duqm before the second quarter of this year, a report in Playing an active role in the bunker business since 1994, OOMCO is currently building a bunker terminal bunker barge to be permanently located at the port. The facility will serve as the central hub for bunkering services in other ports in Oman, offering 30,000 cu m of storage capacity. The terminal will also benefit from being next door to Duqm Refinery, which is planned to be commissioned in the first half of 2022, in addition to Oman Dry Dock, Ras Markaz Crude Oil Park, and a growing number of industries in the Special Economic Zone (SEZ).
IOC, MRPL term volumes to drop by 10-17% - sources BPCL, HPCL volumes expected to fall - sources Reliance switches to Basra Medium from Basra Light - sources
NEW DELHI, Jan 21 (Reuters) - Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC’s second-largest producer which is trying to meet its obligations under the group’s production deal.
Iraq was the top oil supplier to India in 2020 and a reduction in long-term Basra crude supplies could erode Baghdad’s market share in the world’s third largest oil importer and consumer.
Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC's second-largest producer which is trying to meet its obligations under the group's production deal.
Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC`s second-largest producer which is trying to meet its obligations under the group`s production deal.
Iraq was the top oil supplier to India in 2020 and a reduction in long-term Basra crude supplies could erode Baghdad`s market share in the world`s third largest oil importer and consumer.
By Nidhi Verma NEW DELHI (Reuters) - Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC s second-largest producer which is trying to meet its obligations under the group s production deal.
Iraq was the top oil supplier to India in 2020 and a reduction in long-term Basra crude supplies could erode Baghdad s market share in the world s third largest oil importer and consumer. Iraq s Oil Marketing Company (SOMO) has reduced the 2021 Basra term volumes to several Indian refiners by between 10% and 20%, the sources said. SOMO did not immediately respond to a Reuters request for comment.