Adnoc L&S, Borouge sign deal to boost UAE petrochemical exports

بروج "بروج" و "أدنوك للإمداد والخدمات" توقعان اتفاقية بقيمة 1,950 مليون درهم لإدارة الخدمات اللوجستية البحرية لصادرات البتروكيماويات Borouge and ADNOC L&S Sign $531 Million Agreement for Maritime Logistics of Petrochemical Exports

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Borouge and Adnoc Logistics & Services (Adnoc L&S) have entered a 15-year strategic partnership that will support a significant increase in the production and export of petrochemicals from the UAE.

The mutually beneficial service agreement will deliver a minimum guaranteed value of $531 million (Dhs1,950 million), supporting the next phase of Borouge’s accelerated growth plans, driving operational cost savings over the full contract term, realising more than $50 million in cost savings and efficiencies in the first five years alone, and enhancing the company’s supply chain network.

The agreement covers port management, container handling, and feeder container ship services for the Borouge Container Terminal in Al Ruwais Industrial City, Abu Dhabi.