AD Ports, Oylz in deal to set up petchem facility in Khalifa Port

28/03/2025 07:01 AST

AD Ports, a leading facilitator of global trade, logistics, and industry, has announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to develop a world-class clean petroleum storage facility in Khalifa Port.

The agreement will see Olyz Terminals develop a state-of-the-art 600,000 cbm tank storage facility at Khalifa Port Logistics Hub in two phases, further enhancing the port's capabilities, and reinforcing its position as a key energy storage and trading hub in the region. The first phase of the facility is expected to commence operations in mid-2027.

Saif Al Mazrouei, Chief Executive Officer, Ports Cluster - AD Ports Group, commented on the agreement: "We are delighted to welcome Oylz Terminals to Khalifa Port. This agreement underlines the strategic importance of Khalifa Port as a vital trade hub, not only for the UAE but for the entire region. This liquid storage terminal will enhance our port's capabilities and attract more customers seeking world-class infrastructure and seamless access to global markets. We look forward to a long and prosperous partnership with Oylz Terminals."

Dr Khalid Omar Mohamed Hamad Almidfa, Chairman - Oylz Terminals, said: This milestone project reflects our commitment to developing best-in-class infrastructure that not only fortifies Abu Dhabi's position as a global energy hub, but also paves the way for Oylz Terminals' continued expansion."

"This agreement will lay the foundation for an efficient, sustainable, and future-ready terminal, poised to serve regional and international customers. We thank everyone whose support made this collaboration possible, and we look forward to unlocking even greater opportunities together," he added.

Trade Arabia