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Oman, the biggest Arab oil producer outside of OPEC, is turning up the heat in a regional battle for business from ships in need of fuel with a $600 million deal to build storage tanks at the port of Sohar.Fujairah is the Middle East's biggest hub for ship fueling, or bunkering, and will provide more than four times the oil-storage capacity that Sohar expects to have by 2020 .Fujairah aims to expand its oil storage to about 14 million cubic meters by that time.Sohar Port expects to serve about 3,000 vessels this year, up from about 2,600 in 2016, and it estimates maritime traffic to grow 30 percent next year as more projects including chemical production start there, he said.
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