Author: Mehak Srivastava

Trescorp, a Singapore-based crude oil and petroleum products trading company, has announced plans to launch a new 45ha terminal in SOHAR Port with an investment of $600mn. The announcement comes following the anticipation of the significant growth in petroleum trading in the GCC region, as well as growing demand for bunker services, The new facility will feature six deep-water berths, with 25m drafts, one of them capable of receiving VLCC oil tankers of up to 320,000dwt – the so-called supertankers. The new terminal will occupy space in SOHAR Port South, a recently announced land reclamation project designed to create more space…

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