Ports
News
manufacturers a more sustainable
form of transport: “We are proud to
be a part of this historic and innovative intra-costal shipment of Indian automobiles, serving India’s
growing automotive industry with
safe, and environmentally sustainable logistics alternatives,” commented APM Terminals Pipavav
managing director Keld Pedersen.
The Royal Decree designated the Ras Markaz area’s development project
as a public utility project.
The aim of the project is to
support and realise the future
goals of the Omani economy including the diversification of the national income.
The project’s most important
components include setting
APM said the Indian government
up of warehouses for storage
is studying modal shift incentives and export of crude oil which
for companies to switch domestic would enhance the bencargo from road to sea in order efit from crude oil trade secto reduce costs, road conges- tor thereby boosting benefit
tion and diesel-related emissions. from the related industries.
This goal can be achieved
The country is expected to overtake by exploiting the location
Japan as the world’s leading pro- and cutting cost of producducer of entry-level automobiles tion, thus boosting revenues
by 2021 – growing its market share from the oil sector as well as
from 20 percent to 28 percent. In- enhancing the added value
dia’s consumers are expected to of the natural depths of the
buy 2.2 million new cars this year. Arabian Sea and linking the
commercial interests of comAPM Terminals Pipavav is India’s panies operating in oil profirst Public Private Partnership port duction and marketing sector.
in the country and serves as a gateway for the movement of contain- The Special Economic Zone
ers, bulk, liquid and cars to the Gu- Authority at Duqm (SEZAD)
has accorded special attention
jarat region and the North of India.
to the project due to its socioeconomic value. In October
last year, Oman Tank Terminal Company (OTTCO), an
DUQM ZONE SET FOR
MAJOR EXPANSION
T
he Sultanate has expanded
the total area of the Special
Economic Zone at Duqm to 2,000
square kilometres from 1,745
square kilometres to accommodate oil storage activities at the Ras
Markaz area which was included
in the Special Economic Zone at
Duqm as per the Royal Decree
No 5/2016 issued on January 28.
16
February 2016
Oman Oil Company (OIC) subsidiary, finalised the initial designs for the crude oil storage terminal at Ras Markaz area and it
will be built in phases, the first of
which is expected to be completed and operated in coincidence
with the launch of Duqm refinery.
The Ras Markaz crude oil termin [