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Oman Oil signs deal with Asyad Group for bunker fuel supply

22 Jun 2021

Oman Oil Marketing Company (OOMCO) has signed a memorandum of strategic collaboration (MSC) with Asyad Group through its ship management arm for the provision of bunker fuels.

The agreement, under which OOMCO will supply Oman Ship Management Company (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 logistic hub.

As a key player in Oman’s fuel supply chain, OOMCO said it continues to expand its commercial services, while building a reputation for high quality, secure and reliable solutions.

In a press statement, Hussain Jamaa Bait Ishaq, OOMCO’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 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 and Drydock, said, “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. The company 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.

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