Valued at RO8.7m, the agreement was signed by Eng. Omar Ahmed Qatan, Oman Oil Marketing Company CEO and Tony Kinsman, Sohar Aluminium CEO. The annual diesel fuel consumption by Sohar Aluminium is expected to be in the range of 4 million liters per year approximately.
"This is the beginning of a thriving partnership between Oman Oil Marketing Company and Sohar Aluminium," expressed Eng. Qatan. "As strategic partners, we will provide expertise in our field to build synergy to make this project a successful world-class facility and contribute positively to the economic growth of the Sultanate. By understanding Sohar Aluminum's needs, we are able to provide efficient and effective solutions to their fuel requirements with unsurpassed quality of service."
On the occasion, Kinsman added, "Sohar Aluminium will be the world's first smelter to pioneer the use of Alcan's AP35 technology which is considered to be the most efficient and environmentally friendly smelter technology ever with an annual production of 350,000 tonnes of liquid metal. Therefore this Agreement with Oman Oil Marketing Company is of vital importance to the provision of mass fuel supplies for achieving this objective."
Inline with Oman's economic diversification strategy, the project will contribute significantly to Oman's GDP and provide a major economic boost to the Al Batinah region. As a shareholder, omanoil shares interests in numerous and various projects which include gas transmission, petroleum retailing as well as Aluminium smelting.
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Oman Oil and Sohar Aluminium sign RO8.7m diesel fuel agreement
- Oman: Saturday, November 10 - 2007 at 12:15
- PRESS RELEASE
Oman Oil Marketing Company (OOMCO), one of the leading Omani fuel and lubricants marketing companies has signed a ten-year diesel fuel agreement with Sohar Aluminum for the operation of all vehicles on the Sohar Aluminum site, at the main port and as back up fuel for the turbines at its power station in the event that there is a gas shortage.
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About Oman Oil Marketing Company SAOGFormed in October 2003, following the acquisition of the majority share of BP Oman by Oman Oil Company (OOC), Oman Oil Marketing Company with the brand name omanoil is envisaged to be the future prominent player in petrol and lubricant retail in Oman. Today Oman Oil Marketing Company SAOG is involved in the marketing and distribution of fuels and lubricant products and operates in the sectors of fuel retailing, direct (bulk) fuel sales to Government and the Commercial sector, lubricants, aviation refueling and storage and distribution.
Oman Oil Marketing Company's success is created and maintained by well-trained, motivated and innovative people. The Company is proud to have a diverse team that is dedicated to the overall corporate objectives. Operating in an increasingly competitive business environment, The Company has continued its strong performance focus and consistently achieved its primary safety, operating and financial targets.
About Sohar Aluminium
Sohar Aluminium was formed in September 2004 to construct a world-class $US 2.4 billion greenfield aluminium smelter in Sohar. The smelter will consist of a single AP35 potline with associated carbon and casting facilities and gas-fired power plant. The 250Kt smelter is expected to produce its first hot metal by mid-2008.
The shareholders of Sohar Aluminium are Oman Oil Company, Abu Dhabi Water and Electricity Authority (ADWEA), and ALCAN. For the first potline, Oman Oil and ADWEA each own a 40 per cent share of the company, with ALCAN owning the remaining 20 per cent.
For more information, please contact:
Hassan Al Saleh
Trans-Arabian Creative Communications (TRACCS)
Muscat, Sultanate of Oman
Telephone: +968 24 605-028
Fax: +968 24 605-027
Posted by Medilyn Manibo, Assistant News EditorSaturday, November 10 - 2007 at 12:15 UAE local time (GMT+4)
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