Latest news with #marinebunkering
Zawya
06-08-2025
- Business
- Zawya
Saudi's Mawani, Petrotank to set up bunkering hub at Yanbu port
State-owned Saudi Ports Authority (Mawani) has signed a land lease contract with Riyadh-based National Petroleum & Petrochemical Tanks & Pipeline Co. (Petrotank) to set up an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu. The project will cover an area of 110,700 square meters, with a total investment of 500 million Saudi riyal ($133.24 million), Mawani said in a statement. The project will be operated under a 20-year lease. The addition of fuel and oil storage infrastructure aligns with the objectives of the National Transport and Logistics Strategy, which aims to support the Kingdom's status as a global logistics hub bridging three continents. Petrotank currently operates an existing fueling station at King Fahad Industrial Port in Yanbu, comprising eight tanks with a storage capacity of 114,000 cubic metres King Fahad Industrial Port spans 6.8 square kilometres, features 34 berths and 10 terminals, and has an annual throughput capacity of 210 million tonnes. (Editing by Anoop Menon) (
Argaam
06-08-2025
- Business
- Argaam
MAWANI signs SAR 500M deal to establish marine bunkering hub at King Fahad Industrial Port
The Saudi Ports Authority (MAWANI) signed a land lease agreement with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) to build an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu, with a total investment of SAR 500 million. The project will operate under a 20-year lease, MAWANI said in a statement. The project will cover an area of 110,700 square meters (sqm), helping to increase vessel traffic and elevate the Kingdom's ports regionally and globally. It also aligns with the objectives of the National Transport and Logistics Strategy (NTLS), which aims to solidify the Kingdom's standing as a global logistics hub bridging three continents. King Fahad Industrial Port in Yanbu is one of the Kingdom's primary industrial ports on the Red Sea coast, known for high handling capacity for various types of cargo, including refined products and petrochemicals. The port spans 6.8 sq km, features 34 berths and 10 terminals, with a capacity of up to 210 million tons.
