Business & Money | Tuesday 3 November, 2015 4:11 am |

Jubail Chemicals Storage and Services Company (JCSSC), a joint venture between SABIC and Royal Vopak of the Netherlands, and Sadara Chemical Company (Sadara) have entered into two agreements for the provision of liquid product storage and handling services at the King Fahd Industrial Port (KFIP) in Jubail, Kingdom of Saudi Arabia. The agreements with JCSSC will allow for the storage and export of Sadara’s liquid products from the Kingdom. 

 

Under the Tank Storage Construction Agreement, Sadara will sell to JCSSC for approximately SR 1.76 billion a tank farm that has been constructed by Sadara at Petrochemical Quay-2 (PCQ-2). This tank farm supplements JCSSC’s terminal that is under construction and has been partly commissioned.

 

Under the Terminal Services Agreement, JCSSC will provide Sadara with liquid product storage and handling services at KFIP for an initial term of 20 years.