The Saudi Ports Authority (Mawani) has partnered with Alba Nova International and Trafalgar Co. Ltd. signed a contract for the establishment of an integrated bunker station at King Fahad Industrial Port in cooperation with the Ministry of Energy.
The agreement was signed by Mr. Abdullah AlMunif, Mawani’s Vice President of Commercial Business and Eng. Khalid Al Qahtani, CEO of Trafalgar Co. Ltd.
With a view to increasing the number of world-class logistics hubs in the country to 30, the proposed 2 billion riyal development is key to Mawani’s goal of positioning Saudi Arabia as the preferred logistics hub at the intersection of three major continents’ ambitions the National Transport and Logistics Strategy (NTLS). The facility is also critical to meeting the Department of Energy’s targets to increase the Kingdom’s share of the regional bunker market to 10 million tonnes through increased partnerships with major oil storage companies.
The operator of the 393,000 square meter. The tank center intends to build oil tanks for storage, trading and blending of petroleum products in two phases. In each phase, new plants with a capacity of 1.2 million tons are built on an area of 196,000 square meters. The total capacity of the pioneering project is expected to be 2.5 million tons upon completion.
A total of 144 storage units will be constructed in each phase, including diesel tanks, benzene tanks and heavy oil tanks. With a capacity of 8,650 tons each, these state-of-the-art facilities are designed to serve the national petroleum industry and meet local and global market demands in an efficient and high-quality manner.
Based in Yanbu, the King Fahad Industrial Port is the Kingdom’s – and the Red Sea’s – largest trading hub for crude oil, refined petroleum and petrochemicals. With a handling capacity of 500,000 tons and an infrastructure of 34 berths and ten terminals, the port is strategically located to serve the global East-West trade routes.