ADNOC partners with AD Ports to develop a new port and logistics facility
ADNOC Logistics & Services, the shipping and marine logistics arm of the Abu Dhabi National Oil Company (ADNOC), has signed a strategic partnership agreement with Abu Dhabi Ports Group, a global leader in the logistics and trade sectors, to develop a new port and logistics facility.
According to information shared by ADNOC officials at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the partnership aims at establishing a new TA’ZIZ port in Ruwais, as well as a logistics area which “will enable supply of feedstock to world-scale Chemicals Zone in addition to storing and loading final products for export.”
TA’ZIZ is the new integrated industrial system in the Ruwais facility, where Abu Dhabi is building the largest petrochemical complex in the world, with a total value of about $45 billion.
The new port is expected to become a vital link in the supply chain of raw materials, storage and loading of finished products for export through it.
“The new port will consolidate the UAE’s competitiveness as an international supply chain hub for energy and industry and further positions TA’ZIZ as the preferred partner for investing in the growth of the UAE’s advanced manufacturing base,” said Captain Abdulkareem Al Masabi, CEO of ADNOC L&S.
As per the data published on ADNOC’s website, “TA’ZIZ comprises three zones; an Industrial Chemicals Zone that will host chemicals production with 7 projects in the design phase, a Light Industrial Zone that will convert the outputs of the Chemicals Zone into consumable products, and an Industrial Services Zone that will house companies who provide services required by the other zones.”
Plans for TA’ZIZ show that the initial chemicals production will be in 2025.
Both ADNOC L&S and Abu Dhabi Ports Group are currently studying the selection of an international operator to be part of the new joint venture and contribute to the development of the new port.
Part of the new port project includes a group of logistics and storage facilities, loading and unloading facilities, and 3 large-scale berths of which 2 liquid berths measure 640 meters in length and a dry bulk berth measuring 320 meters, as well as associated infrastructure.
“By bringing together our respective expertise to build vital trade infrastructure, we are boosting industrial investment flows to the UAE and helping accelerate Abu Dhabi’s economic growth and industrialization,” said Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group.
It is noteworthy that ADNOC L&S is one of the largest integrated marine shipping and logistics companies in the Middle East, operating a fleet of over 240 owned and/or chartered vessels. It provides integrated solutions to the oil and gas supply chain in the UAE. The company also operates the largest logistic base dedicated to the oil and gas sector in the country.