MARAFI SO­HAR SIGNS AGREE­MENT WITH SO­HAR PORT AND FREE­ZONE FOR NEW TER­MI­NAL

Oil and Gas - - IN THE NEWS -

High­light­ing the rapid growth in Oman’s ag­gre­gate mar­ket, Marafi SO­HAR has joined hands with SO­HAR Port and Free­zone to de­velop and op­er­ate a new high-ca­pac­ity min­eral ag­gre­gate ter­mi­nal at the port. The agree­ment was for­malised be­tween SO­HAR and Marafi at SO­HAR Port and Free­zone branch of­fice in Mus­cat. SO­HAR CEO, Mark Geilenkirchen, signed the agree­ment with Dr. Ahmed Mo­hammed Al Abri, rep­re­sent­ing Marafi SO­HAR.

High­light­ing the mar­ket op­por­tu­ni­ties gen­er­ated by the new de­vel­op­ment, Mark Geilenkirchen said, “SO­HAR is ide­ally equipped to de­velop high-ca­pac­ity ag­gre­gate fa­cil­i­ties, es­pe­cially when you con­sider most of the quar­ries pro­duc­ing min­eral ag­gre­gate are in close prox­im­ity to the port. As a re­sult, the port pro­vides easy ac­cess for ex­port and a great op­por­tu­nity for de­vel­op­ment. We are proud to join hands with such a for­ward think­ing com­pany as Marafi SO­HAR, who have a long-term strat­egy in place to ex­pand their hori­zons in­ter­na­tion­ally, through busi­ness part­ner­ships and re­la­tions, with SO­HAR as their gate­way to the gulf and beyond.”

The key pro­posal will utilise the Bulk Ter­mi­nal No. 25 at SO­HAR Port and will have one stock­pile yard giv­ing a to­tal area of around 200,000 sqm. This phase will take around 20 months to de­velop. In the mean­time and given the lu­cra­tive short-term op­por­tu­nity, a tem­po­rary hy­brid so­lu­tion will be es­tab­lished to al­low ag­gre­gate ex­port within only 16 weeks of the sub-usufruct agree­ment date.

The hy­brid so­lu­tion will be lo­cated on Ter­mi­nal 2D with to­tal area around 100,000 sqm and will see the in­stal­la­tion of two mo­bile ship load­ers with a ca­pac­ity of 750 MT/hour and a third one as a spare unit. Ad­di­tion­ally, the yard will be pre­pared to re­ceive three sep­a­rate stock piles of two-grades each and the in­stal­la­tion of two weigh bridges. The ini­tial phase will see all the nec­es­sary equip­ment re­quired be­ing brought to the site.

The ex­pected time frame to start barge load­ing will be eight weeks from the sign­ing agree­ment for phase-1; and about 16 weeks for phase-2, which will in­volve both Ves­sel and barge load­ing. In to­tal, our load­ing ca­pac­ity will be ap­prox­i­mately eight mil­lion tons per year.

Marafi SO­HAR is a newly es­tab­lished sub­sidiary and in­vest­ing arm of Asyad. As part of the Port Op­er­a­tions and Man­age­ment Com­pany’s vi­sion to trans­form Oman into one of the top 10 Global Lo­gis­tics Hubs, it also seeks to de­velop the port and forge global busi­ness re­la­tion­ships.

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