Oman has built eight oil storage tanks that will make up part of what the sultanate hopes will be the largest oil storage facility in the Middle East and is preparing to build several others, for a total capacity of 25 million barrels. Bloomberg reports, citing unnamed sources in the know, that the tanks will be offered to oil producers and traders either for storage or as a temporary stop along the way to final consumers for those who want to avoid transporting their oil through the Strait of Hormuz, the source said. Dubbed the Ras Markaz Crude…
