"Abu Dhabi Ports" The development of a facility for storing clean oil products in Khalifa Port
Abu Dhabi, March 27/ WAM/ The Abu Dhabi Ports Group announced today, the signing of a 50 -year agreement with the UAE company “Oils Terminal”, the Emirati company specialized in the supply and distribution of oil, according to which a global -level facility is developed to store clean oil products in Khalifa Port.
Through this agreement, Oils Terminals will develop an advanced tank facility for storing petroleum products in two phases, with a capacity of 600 thousand cubic meters in the logistical center of Khalifa Port, which enhances the capabilities of the port and establishes its position as a major center for storing and trading energy in the region, and it is expected that the first phase of the development of the facility will start in mid -2027.
Saif Al Mazrouei, CEO of the Ports Sector – Abu Dhabi Ports Group, expressed his pride in the group’s embrace of Oils Terminalz in the port of Khalifa through this agreement that confirms the strategic importance of Khalifa Port a vital commercial center, not only for the United Arab Emirates, but for the entire region, looking forward through this agreement to establish a long and fruitful partnership with Oils Terminalz, which contributes to enhancing the capabilities of the Khalifa port through the fluid storage station, attracting more dealers looking for a global infrastructure, and facilitating access to global markets.
For his part, Dr. Khaled Omar Mohamed Hamad Al -Midfa, Chairman of the Board of Directors of “Oils Terminals”, said that this pioneering project reflects the company’s commitment to developing an advanced infrastructure, which will contribute to enhancing the position of Abu Dhabi as a global energy center, and paves the way for the continued expansion of the work of Oils Terminal.
Through this agreement, he expressed his aspiration to develop an effective and sustainable station that meets the company’s aspirations in the future, and serves its regional and international dealers.
It is worth noting that the new fluid storage facility is expected to contribute an important role in supporting the UAE’s position as a major center for distributing basic commodities in the region, and supplying economic growth by providing new job opportunities and enhancing more commercial activities.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
