New bunker fuel venture for Omani ports
Oman Oil Marketing Company (OOMCO) and TFG Marine, the international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, have established a new bunker fuel joint venture to supply vessels visiting the Omani ports of Duqm, Muscat, and Sohar.
The joint venture is designed to meet growing demand for quality marine fuel in Oman, strengthening the country’s position as a key player in regional and international maritime fuel markets.
“This partnership aligns with Oman Oil Marketing Company’s efforts to develop the maritime transport and shipping infrastructure in Oman, which is in alignment with the objectives Oman Vision 2040,” said Tarik Al Junaidi, chief executive, Oman Oil Marketing Company.
“It underscores our commitment to meeting the increasing demand of compliant, high-quality marine grades of fuel while adhering to the highest international health, safety and environmental standards.”
The announcement comes after the signing of a memorandum of understanding between SOHAR Port and Freezone and TFG Marine to establish an international bunker fuel supply operation.
TFG Marine has already deployed its bunker vessel, the Margherita Cosulich, to serve vessels at SOHAR Port’s deep-sea terminal. The vessel is equipped with a mass flow meter (MFM), calibrated to the ISO 22192 international standard, as required by SOHAR Port.
TFG Marine has long been an advocate for the global adoption of calibrated MFMs to enhance transparency in the bunkering process.
“This is TFG Marine’s first venture in the Middle East and we look forward to serving our customers in this region,” said Mark Russell, chief commercial officer, TFG Marine.
“Oman has a rich history as a maritime nation and is well located close to the main shipping routes connecting the Arabian Gulf and the Indian subcontinent with the rest of the world.”
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