OQ, the energy group at the forefront of developing Duqm as a world-class hub for hydrocarbons, chemicals, and low-carbon products, has entered into an exclusive partnership framework agreement with Royal Vopak. The collaboration, set within the Special Economic Zone at Duqm, marks a strategic milestone in establishing Duqm as a premier destination for industrial and energy infrastructure investment.
The partnership aims to unlock long-term growth opportunities in terminal infrastructure and sustainable energy transition projects. By combining OQ’s regional influence with Vopak’s global expertise in large-scale infrastructure development and operation, the alliance is well-positioned to support Oman’s ambitions for industrial diversification and economic resilience.
A Catalyst for Strategic Growth
This collaboration is expected to drive significant economic impact by attracting international clients, supporting the development of new energy and industrial projects, creating employment opportunities, and enhancing Duqm’s appeal as a regional storage and logistics hub.
Commenting on the importance of the agreement, Ashraf Al Mamari, Group CEO of OQ, stated:“This partnership is a catalyst for Duqm’s emergence as a globally competitive energy hub. By aligning with Vopak’s international expertise, we are unlocking a new era of strategic infrastructure investment that strengthens Oman’s position in global energy flows, accelerates the energy transition, and delivers long-term value for our economy and future generations.”
Dick Richelle, CEO of Royal Vopak, echoed this sentiment, saying:
“Vopak is excited to collaborate with OQ Group on this strategic partnership in Duqm. Our combined strengths in infrastructure development will be instrumental in creating a leading energy and chemical hub serving multiple industrial customers concurrently. We are excited to support Oman’s Vision 2040.”
Driving Sustainable Development and Investment
The agreement is anticipated to boost investor confidence and global interest in SEZAD. It will also provide access to world-class expertise, financing, and talent, aligning with Oman’s broader goals to diversify its economy and strengthen its position within global energy markets.
As a global integrated energy group, OQ operates across 17 countries and covers the full value chain—from upstream oil and gas exploration to downstream refining, petrochemicals, and the global marketing of end-user products. The group’s sustainability arm, OQ Alternative Energy, is actively investing in renewable energy and green hydrogen development within Oman.
This partnership with Vopak signifies a shared vision to develop resilient, future-ready infrastructure that supports industrial growth and the global energy transition.
For more information visit www.vopak.com
