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Saudi Ports Authority signs deal to build integrated bunker station at Yanbu Port

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Facility is crucial in fulfilling Ministry of Energy’s objectives to raise Kingdom’s share in regional bunkering market to 10 million tonnes through increased partnerships with major oil storage companies.
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The Saudi Ports Authority (Mawani) on Thursday (15 June) said it signed a deal with Alba Nova International and Trafalgar Co. Ltd. to set up an integrated bunker station at the King Fahad Industrial Port in partnership with the Ministry of Energy.

Both Mawani Vice President for Commercial Business Abdullah AlMunif and CEO of Trafalgar Co. Ltd. Eng Khalid Al Qahtani signed the agreement. 

With a view to taking the nation’s tally of world-class logistics centres to 30, the proposed SAR-2-billion- development is key to Mawani’s ambition to position Saudi Arabia as a logistics hub of choice at the crossroads of three major continents in line with the ambitions of the National Transport and Logistics Strategy (NTLS), according to Mawani. 

“The facility is similarly crucial in fulfilling the objectives of the Ministry of Energy to raise the Kingdom’s share in the regional bunkering market to 10 million tonnes through increased partnerships with major oil storage companies,” it said. 

“The operator of the 393,000 sq. m. refuelling hub intends to build oil tanks to store, trade, and blend petroleum products over two stages, with each phase seeing new 1.2 million metric-tonne-capacity facilities taking shape over 196,000 sq. m. The overall holding capacity for the pioneering project is expected to hit 2.5 million metric tonnes on completion.”

A total of 144 storage units, including diesel tanks, benzene tanks, and heavy fuel oil tanks, will be erected at each stage. Capable of holding 8,650 metric tonnes apiece, these facilities are designed to serve the national petroleum industry and cater to local and global market requirements 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 trade hub for crude oil, refined petroleum, and petrochemicals. With a throughput capacity of 500,000 tonnes and an infrastructure spanning 34 berths and ten terminals, the port is strategically located to serve the East-West global trade routes.

 

Photo credit: Saudi Ports Authority
Published: 20 June, 2023

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