UAE’s AD Ports Group to develop petroleum storage terminal at Khalifa Port
AD Ports Group has announced the signing of a 50-year agreement with Oylz Terminals, a UAE-based oil supply and distribution provider, to develop a clean petroleum storage facility in Khalifa Port.
The agreement will see Oylz Terminals develop a 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.
The new liquid storage terminal will strengthen Khalifa Port’s infrastructure, attracting more global customers. The project supports Abu Dhabi’s position as a global energy hub while enabling Oylz Terminals’ expansion. The terminal will be efficient, sustainable, and designed to serve both regional and international markets.
Country updates
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October 17, 2024
Lowest bid revealed for multibillion Metro Line project in UAE
The bids have been entered for Dubai Metro’s Blue Line, which will add 30 km and 14 stations to the emirate’s mass transit system.
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