Advertisement OQ owned Oman Tank Terminal Co. (OTTCO) and Port of Duqm Co. (PODC) have signed two agreements regarding a sub-usufruct agreement and a berth operating license agreement. The two agreements were signed at OQ’s head office in Muscat by Mr Hilal Al Kharousi, Chief Commercial Officer – representing OTTCO, and Mr Reggy Vermeulen, CEO, Port of Duqm Co. These agreements represent the strong partnership between the two companies to jointly strengthen Duqm’s status as the upcoming regional hub for petroleum and petrochemical products. OTTCO is planning to build additional storage infrastructure in Duqm port with a designed capacity up to 300 000 m3, as part of Duqm liquid export terminal, to provide storage for the import and export of petroleum and (green) petrochemical products, making this development a next step in strengthening Oman's independent terminal network.