Oman Duqm oil-storage expansion as Hormuz bypass

Description Oman’s Duqm oil-storage expansion and Gulf export planning aim to reduce reliance on the Strait of Hormuz as Red Sea loading data remains uncertain. Overview Oman plans to more than double crude storage at Duqm, a port outside Hormuz. The plan targets two ultra-large tankers that would add more than 4 million barrels… Read more