Future Union Qatar Announces Strategic MoU for Major Petroleum Storage Tanks Project in Oman
Future Union Qatar Announces Strategic MoU for Major Petroleum Storage Tanks Project in Oman
Oman Muscat. – [30 Oct 25] – In a significant strategic step under the supervision of the parent company, Future Union, a landmark Memorandum of Understanding (MoU) was signed today to establish a joint venture for the construction of state-of-the-art storage tanks for petroleum products, crude oil, LPG, and Liquefied Natural Gas (LNG) in the Sultanate of Oman.
The agreement was formalized under the patronage of Dr. Hassan Al-Daghiri, Vice Chairman of the Board of Directors of Future Union Qatar, and was signed by key leaders from the involved subsidiaries.
The signing ceremony was attended by Mr. Jumah Al-Rawahi, Vice Chairman of the Board of Directors of Oman Investment Holding Company, and Prince Kazim, Managing Director of Future Union Holdings Nigeria.
This MoU represents a pivotal step in strengthening cooperation between the parent company, Future Union, and its regional subsidiaries. The project aims to leverage the collective expertise and strategic positioning of the group to address growing energy storage demands in the region.
Upon signing, Dr. Hassan Al-Daghiri stated, “This project is a testament to our group’s strategic vision for expansion and integration. By establishing this crucial storage infrastructure in Oman, we are not only enhancing our operational capabilities but also reinforcing the economic ties between the key regions we operate in. This initiative is a clear reflection of our commitment to leading the development of energy logistics.”
Mr. Jumah Al-Rawahi commented, “Oman’s strategic location makes it an ideal hub for energy logistics. This partnership with Future Union aligns perfectly with our investment objectives and Oman’s economic vision. We are confident that this project will bring significant value and bolster the sultanate’s infrastructure in the energy sector.”
Prince Kazim added, “The involvement of Future Union Nigeria brings a wealth of experience from one of Africa’s leading energy markets. This cross-continental collaboration within the Future Union family showcases our global synergy and our ability to execute large-scale, strategic projects that serve international markets.”
The planned storage facility is expected to play a vital role in enhancing the regional supply chain for various petroleum and gas products, ensuring greater market stability and creating new avenues for trade.
About Future Union:
Future Union is a global investment holding company with a diverse portfolio spanning multiple sectors,including energy, infrastructure, and technology. With its headquarters guiding a network of strategic subsidiaries worldwide, the group is dedicated to fostering sustainable growth and driving innovation across its operations in the Middle East, Africa, and beyond.