AD Ports to set up new petroleum storage facility at Khalifa Port

AD Ports amps up Khalifa Port’s energy storage capacity: AD Ports Groups has inked a 50-year agreement with local oil supply and distribution provider Oylz Terminals to build a 600k cubic meter petroleum storage facility in Khalifa Port, according to a statement. The investment ticket and timeline for the project were not disclosed.

What we know so far: The facility will be developed over two phases, with the first phase slated to launch its operations in mid-2027. The site aims to solidify Khalifa Port’s position as a key energy trading hub in the region by bolstering the port’s storage capacity.

Khalifa port’s been getting a lot of attention: AD Ports inked a 50-year land lease agreement with flour producer Al Ain Mills to establish a grain storage and processing facility at Khalifa Port’s South Quay last month. The firm also opened a new container terminal at the port as part of a JV with CMA Terminals, a subsidiary of French logistics giant CMA CGM Group back in December. The facility is set to expand the port’s total container capacity by 23% to reach nearly 10 mn twenty-foot equivalent units.

About Oylz Terminals: Sharjah-based Oylz Terminals offers oil terminal services, including storage, distribution and logistics for petroleum and its derivatives, according to its website. Oylz operates bulk petroleum storage facilities in Sharjah’s Hamriyah Freezone, with a total capacity set at over 59.4k cbm.