Advertisement

Borouge and Adnoc L&S Forge 15-Year Mega Deal to Boost UAE Petrochemical Exports

Advertisement

In a landmark move set to transform the UAE's petrochemical landscape, Borouge has cemented a 15-year strategic alliance with Adnoc Logistics & Services Plc (Adnoc L&S) that will supercharge production capabilities and global export operations.

The game-changing service agreement carries a minimum guaranteed value of $531 million (Dh1.95 billion), fueling Borouge's ambitious expansion strategy while delivering substantial operational efficiencies. The partnership is projected to generate over $50 million in cost savings within just the first five years, while simultaneously optimizing the company's end-to-end supply chain network.

At the heart of this collaboration lies comprehensive management of the Borouge Container Terminal in Al Ruwais Industrial City, Abu Dhabi - encompassing port operations, container handling, and specialized feeder shipping services. Adnoc L&S will handle transportation for up to 70% of Borouge's annual output, with volumes set to surge following completion of the massive Borouge 4 plant expansion. The logistics provider will dedicate at least two container feeder vessels exclusively for shipping Borouge products between Al Ruwais and Dubai's Jebel Ali Port plus Abu Dhabi's Khalifa Port.

"This transformative agreement deepens our proven partnership with Adnoc L&S," stated Hazeem Sultan Al Suwaidi, CEO of Borouge. "Beyond delivering major operational savings and enhancing our Logistics Variable Cost structure, it perfectly complements our rail infrastructure while adding unprecedented flexibility across our supply chain. As we scale production capacity dramatically, this ensures we can continue delivering premium solutions efficiently amid growing worldwide demand."

The timing proves strategic as Borouge prepares to add 1.4 million tonnes per year in production capacity through its $6+ billion Borouge 4 project by late-2026 - cementing its position as the planet's largest single-site polyolefin complex. The enhanced logistics framework will not only streamline operations but also supports Abu Dhabi's broader economic diversification goals through strengthened industrial resilience and global trade leadership.

Captain Abdulkareem Al Masabi, CEO of Adnoc L&S emphasized: "Our integrated solution represents more than just containers moving between ports - it's about powering UAE industry onto the world stage through seamless logistics architecture combining maritime expertise with cutting-edge terminal management."

The deal marks another milestone in Adnoc L&S' international growth strategy as it extends comprehensive logistics solutions across multiple sectors globally - from container terminal optimization to tailored feeder networks supporting manufacturers' export ambitions.

look ad Watch AD Unlock More

Advertisement

Hot News
Miracle Survivor: The Harrowing Escape of Viswash Kumar from Air India Crash
Miracle Survivor: The Harrowing Escape of Viswash Kumar from Air India Crash
In a story that defies all odds, Viswash Kumar Ramesh emerged as the lone survivor from the tragic Air India flight that crashed in Ahmedabad on Thursday, claiming 241 lives. The British national's miraculous escape has captured global attention as investigators piece together what happened during those fateful moments after takeoff.
Business
Business
India Tightens Overseas Remittance Rules to Curb Passive Wealth Shifting
India Tightens Overseas Remittance Rules to Curb Passive Wealth Shifting
India's central bank is set to introduce stricter controls on foreign remittances by resident Indians, including a ban on holding fixed-term foreign currency deposits abroad, according to two government officials familiar with the matter. The Reserve Bank of India (RBI) will revise existing regulations to close loopholes that currently allow individuals to transfer money overseas for parking in time deposits or interest-bearing accounts, one official revealed. "This practice essentially enables
Business
Business
Le Mans Legends: Where History, Speed and Investment Collide
Le Mans Legends: Where History, Speed and Investment Collide
Business
Business
Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure
Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure
In a landmark move to safeguard against climate challenges, Dubai Municipality has launched four ambitious infrastructure projects worth Dh1.439 billion as part of its revolutionary 'Tasreef' stormwater drainage initiative. This strategic investment will transform the emirate's water management systems to meet future demands while setting new benchmarks for urban resilience.
Business
Business
Dubai Unveils Dh6 Billion Road Upgrade Plan to Revolutionize Urban Mobility
Dubai Unveils Dh6 Billion Road Upgrade Plan to Revolutionize Urban Mobility
In a landmark move to transform Dubai's transportation landscape, the Roads and Transport Authority (RTA) has partnered with Dubai Holding on an ambitious Dh6 billion infrastructure initiative that will reshape connectivity across the emirate's fastest-growing communities. The comprehensive road network enhancement program will introduce cutting-edge bridges, expanded thoroughfares, and smart access solutions designed to slash commute times while dramatically improving traffic flow. This strate
Business
Business
Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn
Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn
The global oil market is bracing for potential turbulence as escalating tensions between Israel and Iran threaten to push crude prices beyond the $100 per barrel mark, energy experts cautioned this week.
Business
Business
Iran-Israel Tensions Threaten Global Oil Supply: Strait of Hormuz Closure Could Send Prices Soaring
Iran-Israel Tensions Threaten Global Oil Supply: Strait of Hormuz Closure Could Send Prices Soaring
The escalating conflict between Iran and Israel has sent shockwaves through global financial markets, with experts warning that a potential shutdown of the strategically vital Strait of Hormuz could trigger an oil price surge to $120 per barrel - threatening to derail inflation progress worldwide. Market analysts are sounding alarms as geopolitical tensions reach new heights in the Arabian Gulf region. The recent military exchanges have raised unprecedented concerns about a catastrophic supply d
Business
Business
du Reports Stellar Q1 2026 Results with 19.8% Net Profit Surge
du Reports Stellar Q1 2026 Results with 19.8% Net Profit Surge
Emirates Integrated Telecommunications Company PJSC (du) has kicked off 2026 with outstanding financial performance, showcasing significant growth across all key metrics during the first quarter.
Business
Business
Comment

Advertisement

Dubai South Property Boom: 20% Price Surge Expected as Airport Expansion Fuels Growth
Dubai South is poised for a major real estate boom, with property prices projected to jump by an impressive 15-20% in the coming months. The driving force behind this surge? The massive Dh128 billion ($35 billion) expansion of Al Maktoum International Airport, which is transforming the area into one of the UAE's hottest investment destinations. New data from Betterhomes reveals explosive growth in the market, with property transactions surpassing Dh15 billion in just the first five months of 202
Dubai South Property Boom: 20% Price Surge Expected as Airport Expansion Fuels Growth
UAE Embraces Crypto Revolution: From Bills to Salaries in Digital Currency
The United Arab Emirates is witnessing a digital currency transformation as cryptocurrencies move from investment vehicles to everyday payment solutions. Industry leaders predict residents could soon be settling utility bills, grocery purchases, traffic violations - even receiving their paychecks - entirely in crypto as digital payments gain widespread acceptance.
UAE Embraces Crypto Revolution: From Bills to Salaries in Digital Currency
Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions
In a move highlighting the growing impact of global supply chain disruptions, Suzuki Motor has temporarily suspended production of its popular Swift subcompact due to China's tightening rare earth export policies. Industry insiders reveal this marks the first major Japanese automaker affected by Beijing's recent trade measures.
Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions
UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!
Attention all UAE motorists! The Roads and Transport Authority (RTA) has issued an important travel advisory for this Sunday, June 15, as essential maintenance works will temporarily disrupt traffic flow on two key highways. Commuters heading towards Sharjah and using Sheikh Mohammed bin Zayed Road should prepare for possible delays.
UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!