Development of a facility for storing clean oil products in Khalifa Port

The Abu Dhabi Ports Group announced yesterday the signing of a 50 -year agreement with the UAE company «Oils Terminalz», which specializes in the supply and distribution of oil, according to which a global -level facility is developed to store clean oil products in Khalifa Port.

The group stated, in a statement, that “Oils Terminals” will through this agreement develop an advanced tank facility to store 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 trade in energy in the region, noting that it is expected that the first phase of the development of the facility will begin in Mid -2027.

The CEO of the Ports Sector – Abu Dhabi Ports Group, Saif Al Mazrouei, expressed his pride in the group’s embrace of the company “Oils Terminals” in the port of Khalifa through this agreement, which confirms the strategic importance of Khalifa Port a vital commercial center, not only for the UAE, but for the entire region, looking forward through this agreement to establish a long and fruitful partnership with “Oils Terminal, ”which contributes to enhancing the capabilities of the Khalifa port through the fluid storage station, attracting more dealers looking for a global level of infrastructure, and facilitating access to global markets.

For his part, the Chairman of the Board of Directors of Oils Terminals, Dr. Khaled Omar Muhammad Hamad Al -Midfa, said that this pioneering project reflects the company’s commitment to developing an advanced infrastructure, which will contribute to strengthening the position of Abu Dhabi as a global energy center, and paves the way for the continued expansion of the work of the company “Oils Terminal”.

It is noteworthy that the new fluid storage facility is expected to contribute an important role in supporting the position of the UAE as the main center for distributing basic commodities in the region, providing economic growth by providing new job opportunities and enhancing more commercial activities.