China And Iran Zero-In On Oman’s Massive New Oil Storage Project

Oman occupies a strategically vital position in the geography of the Middle East, possessing long coastlines along the Gulf of Oman and along the Arabian Sea, away from the extremely politically sensitive Strait of Hormuz.These offer largely unfettered access to the markets of South Asia, West Asia, and Africa, as well as to those of its neighbours in the Middle East. A key project in Oman’s attempts to monetise this favourable geographical position is the Ras Markaz Oil Storage Park and the government announced last week that it is in the…