Oman’s Ras Markaz oil storage terminal construction completed

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OQ Group, previously known as Oman Oil Co., has completed basic construction of the first phase of the Ras Markaz project for storing and exporting crude oil, with capacity of 26.7 million barrels, the official state-run Oman News Agency reported Dec. 17. The facility, which was built to offer alternative storage options in the Gulf to the Strait of Hormuz,…