AD Ports to develop petroleum storage terminal at Khalifa Port

AD Ports Group on Thursday announced the signing of a 50- year agreement with Oylz Terminals, a UAE-based oil supply and distribution provider, to develop a world-class clean petroleum storage facility in Khalifa Port.

The agreement will see Olyz Terminals develop a state-of-the-art 600,000 cbm tank storage facility at Khalifa Port 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 first phase of the facility is expected to commence operations in mid-2027.

Saif Al Mazrouei, Chief Executive Officer of Ports Cluster – AD Ports Group, said, “We are delighted to welcome Oylz Terminals to Khalifa Port. This agreement underlines the strategic importance of Khalifa Port as a vital trade hub, not only for the UAE but for the entire region. This liquid storage terminal will enhance our port’s capabilities and attract more customers seeking world-class infrastructure and seamless access to global markets. We look forward to a long and prosperous partnership with Oylz Terminals.”

Dr Khalid Omar Mohamed Hamad Almidfa, Chairman of Oylz Terminals, said that this milestone project reflects the company’s commitment to developing best-in-class infrastructure that not only fortifies Abu Dhabi’s position as a global energy hub, but also paves the way for Oylz Terminals’ continued expansion.

A day earlier, AD Ports Group and Columbia Group, a leading global integrated maritime, logistics, leisure and energy platform, have formed a joint venture (JV) to optimise third party vessel operations, and that of AD Ports Group’s ocean-going fleet, through state-of-the-art fleet management systems.

The newly formed entity, Noatum – CSM Limited, combines Columbia Group’s expertise in advanced fleet management systems and AI-driven performance analytics, with AD Ports Group’s diverse fleet and extensive ship management experience, both globally and regionally.

Also, by integrating ship management into AD Ports Group’s Maritime and Shipping Cluster service portfolio, this strategic alliance offers the benefits of a world-class ship management system and team to third parties.

The JV will benefit from immediate access to Columbia Group’s Performance Optimisation Control Room (POCR), an advanced digital platform designed to catalyse fleet performance enhancement, predictive maintenance, and regulatory compliance. This platform provides continuous live monitoring and comprehensive decision support tools to optimise voyages, speed, bunker usage, and emissions. The system will harness data from multiple vessels to empower informed decision-making and enhance operational and commercial performance.

Last month, AD Ports Group has signed a 50-year land lease agreement with Al Ain Mills, a member of Al Hazaa Investment Group. This strategic partnership will see the development of a state-of-the-art grain storage and processing facility at Khalifa Port at South Quay, further enhancing the port’s capabilities and reinforcing its position as a premier trade hub in the region.