ADNOC Logistics and Services to Handle Ruwais Container Terminal Operations
ADNOC Logistics and Services, the shipping and services arm of the Abu Dhabi National Oil Company (ADNOC), has authorized a contract with Borouge, a leading provider of value producing plastics remedies, to handle its Ruwais container terminal operations.
The five-year contract, awarded through a competitive bidding procedure, is the first offer signed between Borouge and ADNOC Logistics and Solutions as a new integrated entity, adhering to the combination of IRSHAD, ESNAAD and ADNATCO right into a solitary ADNOC operating company.
Under the terms of the contract, ADNOC Logistics and Services will carry out all taking care of procedures of Borouge's packed and palletized products and bulk loaded containers.
ADNOC Logistics and Services will manage as much as 800,000 TEUs (Twenty-foot Equivalent Units) each year with skilled labour and management competence and functional excellence in compliance with the highest HSE requirements. ADNOC Logistics and Services is fully equipped to satisfy the raised production intended at Borouge's plants in the following five years to fulfill the anticipated growing need, particularly in China and South East Asia, for high value polymers.
Senior Vice President of the Providers system, at ADNOC Logistics and Services, Abdul Aziz Mohamed Al Zaabi stated: "This five-year contract with Borouge is a durable vote of confidence in our strategies to produce included value by developing a world class, incorporated, logistics and solutions business in Ruwais.
Following with the unification of our shipping and marine services procedures our focus remains to get on servicing the ADNOC business and worldwide clients to the greatest requirement, without endangering our HSE commitments. Looking in advance, as part of ADNOC's 2030 technique, we are expanding our effective offering to customers outside of the ADNOC network, initial regionally and afterwards around the world."
ADNOC is making significant investments in new downstream tasks to grow its refining capabilities and increase its petrochemical production. As a result of the intended expansions in ADNOC Downstream business, Ruwais will certainly turn into one of the biggest integrated refining and petrochemical complexes in the world.
