Abu Dhabi - Mubasher: ADNOC Logistics and Services, the shipping and services subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a contract with UAE-based Borouge, a value creating plastics solutions provider, to conduct its container terminal operations in Ruwais.

Under the contract, ADNOC Logistics and Services will handle Borouge’s packed and palletised products, along with bulk loaded containers, according to a company statement released on Wednesday.

“This five-year contract with Borouge is a robust vote of confidence in our plans to create added value by establishing a world-class integrated logistics and services business in Ruwais,” ADNOC Logistics and Services’ senior vice president of services Abdul Aziz Mohamed Al Zaabi commented.

The contract value was not revealed by the companies.

The contract was awarded to ADNOC’s unit in a tender and it is the first deal signed between Borouge and ADNOC Logistics and Services following the integration of IRSHAD, ESNAAD and ADNATCO into the operation company.

ADNOC Logistics and Services will handle up to 800,000 twenty-foot equivalent units (TEUs) annually according to health, safety, and environment (HSE) standards.

“Following the unification of our shipping and marine services operations, our focus continues to be on servicing the ADNOC business and international clients to the highest standard without compromising our HSE commitments,” Al Zaabi said.

Source: Mubasher

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