The Saudi Ports Authority (Mawani) has signed a deal with Alba Nova International and Trafalgar Co. Ltd. to set up an integrated bunker station at King Fahad Industrial Port (Yanbu Port) in partnership with Saudi Arabia’s Ministry of Energy.
The proposed bunker station development is a US$5.3 million development, according to Mawani’s statement.
The operator of the 393,000 m² refueling hub intends to build oil tanks to store, trade, and blend petroleum products over two stages, with each phase seeing new 1.2 million metric-ton-capacity facilities taking shape over 196,000 m².
The overall holding capacity for the pioneering project is expected to hit 2.5 million metric tons on completion.
Additionally, Mawani aims to raise a total of 144 storage units, ranging from diesel tanks, benzene tanks, and heavy fuel oil tanks among others, will be erected at each stage.
In fact, capable of holding 8,650 metric tons apiece, these facilities are designed to serve the national petroleum industry and cater to local and global market requirements in an efficient and high-quality manner.
