“We are pleased to associate ourselves once again with Shell.” Said Tarik Al-Junaidi, Chief Executive Officer of Oman Shipping Company. “In addition to the 10 MR tankers that we have recently chartered to Shell, this COA demonstrates the ability of Oman Shipping Company and its subsidiaries to deliver top shipping solutions that meet the requirements of our esteemed clients. It is our endeavor to continuously provide our customers with reliable transportation services and to find mutual solutions that benefit both parties.”

“For over 50 years, Shell in Oman has been committed to meeting the country’s growing energy demand in a socially and economically responsible manner. We look forward to strengthening this well-established relationship through this agreement with Oman Shipping Company (OSC),” said Mike Muller, Vice President for Trading and Supply Crude, Shell International Trading and Shipping Company. “Shell’s unique trading capabilities allow us to support OCC in building their commercial operations, and our hope is that this will boost Oman’s position as a world player in the oil and gas industry.”

Ship sailing in the Sea

Notes to Editors:

About Oman Shipping Company

Oman Shipping Company S.A.O.C. is a closed joint stock company, incorporated in 2003 and owned by the Government of the Sultanate of Oman. The Company is involved in Ship Owning, Ship Chartering and Ship Management activities through its various Subsidiaries.

OSC has a focused vision to be the ‘first choice partner in maritime transportation’. Arising out of this corporate vision, it has dedicated itself to offering the most optimum seaborne shipping solutions which benefit its worldwide customers. Oman Charter Company, a subsidiary and the chartering arm of OSC, will take full commercial control of its 15 VLCC’s that are currently operated in the VL8 pool during the first half of 2017. In addition to rendering services to the COA with Shell, these VLCC’s will be employed in the spot market to serve the transportation needs of its various other customers. 

Out of the 53 vessels that are operated by OSC, 39 vessels are technical managed in-house in line with international standards through its ship management subsidiary, Oman Ship Management Company. OSC has an impressive record of reaching the 8 million DWT mark in its operating capacity in a relatively short span of 13 years, which has enabled the company to make a positive contribution to Oman's economic growth.

About Shell Trading

Shell’s Trading and Supply business, through its network of global trading companies, is one of the largest energy trading operations in the world. We are active in most crude oil markets, sourcing from a wide range of suppliers and selling to a wide range of customers both within and outside Shell. As one of the world’s leading oil and gas companies, we have a deep understanding and expertise of what it takes to produce, transport and refine crude oil. Globally, we handle more than eight million barrels of physical crude per day.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this presentation refer to companies in which Royal Dutch Shell either directly or indirectly has control. Companies over which Shell has joint control are generally referred to as “joint ventures” and companies over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This announcement contains forward looking statements concerning the financial condition, results of operations and businesses of Shell and the Shell Group. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell and the Shell Group to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward looking statements are identified by their use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "goals", "intend", "may", "objectives", "outlook", "plan", "probably", "project", "risks", "seek", "should", "target", "will" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and the Shell Group and could cause those results to differ materially from those expressed in the forward looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward looking statements. Additional factors that may affect future results are contained in Shell's 20-F for the year ended 31 December 2015 (available at www.shell.com/investor and www.sec.gov). These factors also should be considered by the reader. Each forward looking statement speaks only as of the date of this announcement, 15 January 2017. Neither Shell nor any of its subsidiaries nor the Shell Group undertake any obligation to publicly update or revise any forward looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward looking statements contained in this announcement.