AD Ports, a leading facilitator of global trade, logistics, and industry, has 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 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.

 

Saif Al Mazrouei, Chief Executive Officer, Ports Cluster - AD Ports Group, commented on the agreement: "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 port's 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 - Oylz Terminals, said: This milestone project reflects our commitment to developing best-in-class infrastructure that not only fortifies Abu Dhabi’s position as a global energy hub, but also paves the way for Oylz Terminals’ continued expansion."

 

"This agreement will lay the foundation for an efficient, sustainable, and future-ready terminal, poised to serve regional and international customers. We thank everyone whose support made this collaboration possible, and we look forward to unlocking even greater opportunities together," he added.-TradeArabia News Service