Duqm Refinery Celebrates 500th Export Shipment: Implications for Investors and Businesses in Oman
Duqm Refinery Celebrates Milestone 500th Shipment of Petroleum Products
AL DUQM: Duqm Refinery and Petrochemical Industries Company LLC (Duqm Refinery or OQ8) has successfully exported its 500th shipment of petroleum products through the Duqm Export Terminal, highlighting its rapid development and significant role as a strategic energy hub. This achievement underscores the refinery’s commitment to operational excellence and its dedication to providing high-quality fuels to global markets safely and consistently.
CEO Eng Abdullah Al Ajmi noted that since its first shipment in May 2023, the refinery has exported over 19 million tonnes of refined products internationally while upholding an outstanding safety record. This accomplishment reflects the company’s agility, efficiency, and strong operational growth.
Al Ajmi stated that reaching the 500th shipment is a testament to what can be achieved through a shared vision and effective collaboration. The refinery has established new standards in operational excellence, with impressive loading rates of 130,000 barrels per hour across five berths simultaneously, demonstrating advanced logistical capabilities and operational precision.
The refinery has also showcased its logistical expertise by exporting 304,388 metric tonnes of LPG and efficiently managing a range of vessel sizes, from small tankers to large LR2 carriers. Additionally, it has successfully executed petroleum coke loadings of up to 50,000 tonnes in less than 120 hours per shipment.
Following more than two years of operation, the night-time berthing and unloading of crude oil at the Ras Markaz terminal has become standard practice, emphasizing the refinery’s round-the-clock logistics capabilities. Positioned outside the Strait of Hormuz, the Duqm Export Terminal provides a competitive advantage, facilitating seamless access to markets in East Africa, South Asia, the Gulf of Mexico, and Europe.
Al Ajmi highlighted that the refinery is actively diversifying its export portfolio, with plans to increase sulphur shipments. This strategic move enhances its ability to respond swiftly to evolving global market demands.
He concluded that the remarkable progress made by Duqm Refinery reinforces its vital role in supporting Oman’s industrial goals and enhancing international confidence in the country as a reliable energy partner. The refinery has surpassed expectations, boosting its production capacity from 230,000 barrels per day to 255,000 barrels—achieving over 110 percent of its designed output in a remarkably short time. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The successful export of 500 shipments by Duqm Refinery highlights Oman’s growing prominence as a strategic energy hub, offering businesses significant opportunities in the petrochemical sector. As the refinery diversifies its exports and enhances logistical capabilities, investors should capitalize on the burgeoning energy market, particularly in refined products, while remaining mindful of potential global market fluctuations that could impact operations. For entrepreneurs, aligning with Duqm Refinery’s innovative approaches could yield competitive advantages in this evolving landscape.
English 
Arabic 
Persian