Mawani And Petrotank Sign SAR500 Million Agreement To Establish Ship Refueling Hub At King Fahad Industrial Port

The Saudi Ports Authority (Mawani) and the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) have agreed to establish a ship refueling centre at King Fahad Industrial Port in Yanbu. This facility will cover 110,700 square metres and involves an investment of SAR500 million over 20 years. Officials from both organisations were present at the signing.

King Fahad Industrial Port in Yanbu is a major industrial port on the Red Sea coast. It handles various cargo types, including refined products and petrochemicals. The port covers 6.8 km², with 34 berths and 10 terminals, capable of handling up to 210 million tons.

This project aligns with the National Transport and Logistics Strategy's goals to make Saudi Arabia a global logistics hub. Fuel tanks are crucial for offering valuable logistical services to ships, boosting vessel traffic, and enhancing port competitiveness regionally and globally.

Mawani President Eng. Suliman Almazroua commented on the agreement: "This collaboration with Petrotank reflects Mawani’s commitment to enhancing the attractiveness and competitiveness of Saudi ports through the expansion of services provided to shipping lines."

The new refueling centre represents a significant advancement in fuel storage and bunkering services. It aims to attract more vessels, improve operational efficiency, and support commercial traffic growth, aligning with Saudi Vision 2030's objectives for the logistics sector.

Mawani's efforts focus on increasing Saudi ports' competitiveness by expanding services offered to shipping lines. This initiative is part of their broader strategy to enhance regional and global port competitiveness.

Strategic Partnership with Petrotank

Currently, Petrotank operates a fuel station at King Fahad Industrial Port in Yanbu. This facility includes eight tanks with a combined storage capacity of 114,000 cubic meters, playing a vital role in supporting ship operations.

The ongoing partnership between Mawani and Petrotank highlights their commitment to developing infrastructure that supports higher vessel traffic. This collaboration is crucial for achieving strategic goals within the logistics sector.

The establishment of this integrated ship refueling centre marks an important step towards improving fuel storage capabilities at King Fahad Industrial Port. By doing so, it enhances operational efficiency while supporting increased commercial activity in line with national objectives.

With inputs from SPA