Oman plans to more than double the oil storage capacity of a port outside the Strait of Hormuz to take advantage of its strategic location. Currently, energy producers in the Middle East are looking for alternatives to circumvent this highly sensitive waterway. Ashraf Al Mamari, CEO of Oman's state-owned energy company OQ SAOC, said in an interview that the company is evaluating the purchase of two supertankers and leasing them to use as an offshore floating oil storage facility in the port of Dukoum. The company also plans to increase the capacity of onshore crude oil storage tanks from about 5 million barrels to 10 million barrels within three years.

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