Arabtank Terminals, which is managed by Horizon Terminals Ltd, is planning a $50 million expansion of its storage facility in Yanbu, Saudi Arabia. The plans involve building a petroleum terminal alongside the existing chemical storage facility, with a pipeline connection to the Aramco/Mobil refinery, SAMREF.
The new facility will consist of 10 tanks, with a combined storage capacity of 252,000 cu m for clean products.
Construction is expected to start in August and the new terminal should be operational by late 2007. Belleli Energy has been awarded the building contract.