Shinas Port Oil Storage Tanks Project (inprogress)
"FHIC acts as the consultant and official representative for the petroleum derivatives storage tank and bunkering projects at the Shinas Port on behalf of PGFC, the project’s rights holder. The company is responsible for introducing these projects to all investors and contractors, and creating the necessary conditions to ensure the successful progress of these projects."
Vision & Major Goals
The Shinas Port project is designed to become one of the important centers for storing, transporting and trading petroleum products and providing diverse port services in the Gulf of Oman region. This project has a high potential for economic growth and development due to its strategic location in North Bataneh Province, close to the Strait of Hormuz and easy access to regional and international markets.
Project Objectives:
- Create storage capacity for oil and its derivatives: Construction of tanks with a total capacity of 100,000 tons and above in two Stages.
- Support Oman’s economic diversification: Reduce dependence on crude oil exports and increase logistics capacities.
- Strengthen regional and international trade links: Facilitate access to European, Asian and African markets.
- Reduce logistics costs for oil companies: Provide fast, secure and cost-effective services.
Locational and competitive advantages of Shinas Port :
- Strategic geographical location:
- Proximity to the Sea of Oman and the Strait of Hormuz, as the main route of global oil trade.
- Easy connection to the markets of the Persian Gulf countries, Africa and South Asia.
- High competitiveness :
- Reduction of transportation costs and ship stops.
- Acceleration of the unloading and loading process.
Market demand forecast :
- Increasing demand for oil storage and transportation services due to the growth of regional trade.
- Potential opportunities in the field of maritime tourism and passenger transportation.
- Sustainable demand for port services, especially in the field of oil export and import.
Physical Specifications
Executive Summary: The proposed project aims to develop a comprehensive bunkering and fuel storage facility at the Port of Shinas, Oman. The project will be implemented in two Stages, focusing on marine fuel supply, domestic fuel distribution, and associated services. The total project area is 40,000 square meters, with strategic allocation for different operational requirements.
Note: Specifications subject to detailed engineering design and final site-specific surveys.
Spatial Layout Considerations
(Tank Placement Zones)
- Fuel Storage Zone
- Base Oil Storage Area
- Drinking Water Storage Section
- Transfer Pipeline Corridor
- Truck Loading Zone
- Emergency Response Space
Safety and Operational Buffer Zones
- Minimum inter-tank distance: 15 meters
- Fire safety perimeter: 30 meters
- Emergency access corridors: 10 meters wide
Geographical Orientation
- Proximity to main shipping channel
- Protected from direct maritime exposure
- Strategic wind and current considerations
- Total project area of 40,000 m²
- Initial storage capacity of 20,000 tons
- Planned expansion to 200,000 tons total capacity
- Flexible tank sizes ranging from 1,000 to 10,000 tons
Key Highlights :
- Total pier length: 250 meters
- Capable of handling Post-Panamax vessels
- 8main transfer pipeline lines
- Maximum transfer rate: 5,000 m³ per hour
INVESTMENT STAGES
All Stages of Investment
The project in Shinas Port, located in North Bataneh Province, is a two-Step infrastructure development focused on fuel storage and bunkering capabilities. In the first Step, the project will establish initial bunkering operations, with a fueling capacity of 20 thousand tons. The second Step involves the construction of expansive storage tanks, adding 100 thousand tons of storage capacity. Upon completion, the port will have a total storage infrastructure capable of holding 120 thousand tons of fuel, significantly enhancing the region's maritime and logistical capabilities.
Ship-to-Ship Oil Transfer Rates Estimation
Operational Parameters
- Maximum Transfer Rate: 5,000 m³ per hour
- Simultaneous Transfer Capability: 3 different fuel types
- Operational Hours: 16 hours per day
- Operational Days per Month: 25 days
Market Share Calculation
- Project Storage Capacity: 3.6% of National Storage
- Potential Market Penetration: 5-7% of Regional Bunkering Market
Oman's Oil Market Context
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