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AD Ports to develop petroleum storage terminal at Khalifa Port
Gulf Today
|March 28, 2025
ABU DHABI: AD Ports Group on Thursday announced the signing of a 50+ year agreement with Oiltanking Terminals, a UAE-based oil supply and distribution provider, to develop a world-class clean petroleum storage facility in Khalifa Port.
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The agreement will see Oiltanking Terminals de-velop a state-of-the-art 660,000 cubic metre storage facility at Khalifa Port’s 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 construction of the facility is expected to commence operations in late 2024.
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