The expansion leverages Duqm's location outside the Strait of Hormuz, providing regional energy producers with a strategic workaround to avoid the primary maritime chokepoint. This investment indicates that Oman is betting on the likelihood of long term disruptions to shipping lanes in the region.
Wednesday, October 21, 2026
Story
Oman Adds 4M Barrel Storage to Bypass Strait of Hormuz
Commodities21 days ago
The government in Muscat targets the acquisition of two ultra-large tankers to boost crude oil reserves at its Duqm port. These vessels would add more than 4 million barrels of capacity to the facility, supporting a broader initiative to more than double the port's total oil storage limits to increase the nation's fuel reserves.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.