The Saudi Ports Authority (Mawani) and the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) have signed a land lease agreement to establish an integrated ship refueling center at King Fahad Industrial Port in Yanbu.
The facility will span 110,700 square meters and involve a total investment of $133 million (SAR 500 million) over a 20-year term. The agreement was signed by senior officials from both parties.
The initiative is part of Mawani’s efforts to boost the competitiveness of Saudi ports. Fuel and oil tanks are a crucial component in providing high-value logistical services to vessels, supporting increased vessel traffic, and enhancing regional and global port competitiveness.
The project aligns with the objectives of the National Transport and Logistics Strategy to position the Kingdom as a leading global logistics hub.
Mawani-Petrotank Collaboration
Commenting on the signing ceremony, Mawani President Eng. Suliman Almazroua stated that, “This collaboration with Petrotank reflects Mawani’s commitment to enhancing the attractiveness and competitiveness of Saudi ports through the expansion of services provided to shipping lines.”
The new center marks a significant step in the development of fuel storage and bunkering services, helping to attract more vessels, improve operational efficiency, and support the growth of commercial traffic, all in line with the goals of Saudi Vision 2030 to enable the logistics sector.
As part of the ongoing strategic partnership between Mawani and Petrotank, the company currently operates the fuel station at King Fahad Industrial Port in Yanbu, which includes eight tanks with a combined storage capacity of 114,000 cubic meters. The facility plays a vital role in supporting ship operations.
