Logistic
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.
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