The Saudi Ports Authority, or Mawani, has agreed to establish an integrated center worth more than SR2 billion ($533 million) as part of a pilot project to supply fuel to ships at the Yanbu Industrial Port.
The total holding capacity of the project is likely to reach 2.5 million metric tons, with the agreement being consistent with the Saudi Ministry of Energy’s efforts to expand the Kingdom’s share of fuel supply for ships transiting to 10 million tonnes.
It also corresponds with the authority’s goal of increasing the number of logistic zones to 30 by 2030, contributing to the Kingdom’s position as a global logistics hub.
The total holding capacity of the project is likely to reach 2.5 million metric tons
With an area of 393,000m2, the new center plans to establish tanks for storing, trading, and mixing petroleum materials in two stages.
In each phase, 1.2 million metric tons capacity facilities will be built, spanning over 196,000m2, with 144 storage units, including diesel tanks, benzene tanks, and heavy fuel oil tanks.
These pioneering facilities, each with a storage capacity of 8,650 metric tons, are designed to provide a high-quality, cost-effective service to the national petroleum sector while satisfying local and international market needs.
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