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The first phase of the facility is expected to commence operations in mid-2027 ABU DHABI - AD Ports Group today 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 ports 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 of Ports Cluster - AD Ports Group, said, 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 ports 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 of Oylz Terminals, said that this milestone project reflects the companys commitment to developing best-in-class infrastructure that not only fortifies Abu Dhabis position as a global energy hub, but also paves the way for Oylz Terminals continued expansion. |
