Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity

Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity
TT

Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity

Saudi Ports Authority, SAR Sign Agreement to Boost Maritime, Rail Connectivity

The Saudi Ports Authority (Mawani) and the Saudi Arabia Railways (SAR) inked an agreement to bolster maritime and rail transportation connectivity, reported the Saudi Press Agency on Tuesday.

This strategic alliance boosts the logistics at the industrial and commercial ports in the Kingdom, thus contributing significantly to the objectives outlined in the National Transport and Logistics Strategy (NTLS) and aligning with the goals of Saudi Vision 2030.

Mawani President Omar Hariri and SAR CEO Dr. Bashar bin Khaled Al-Malik signed the agreement at Mawani's headquarters in Riyadh.

The agreement will bolster the Kingdom's competitive edge and support trade by offering secure, sustainable transportation solutions that aim at reducing carbon emissions and improving the efficiency of logistical operations.

The initiative will contribute to solidifying Saudi Arabia's position as a leading global logistics hub effectively bridging three continents.

Mawani aspires to achieve seamless integration with SAR in container transport, bulk materials, and general cargo via rail to and from ports. SAR's extensive rail network, which connects major ports, such as King Abdulaziz Port in Dammam, King Fahd Industrial Port in Jubail, Jubail Commercial Port, and Ras Al-Khair Port, plays a crucial role in this integration.

The partnership will improve the quality of service offered to exporters and importers by introducing innovative logistics services that make exports and imports transported by rail more efficient, and provide solutions to customers' logistics challenges.

The agreement also aims to assess user satisfaction with rail services and logistics support, and identify and implement improvements. It also entails collaboration in planning and executing marketing campaigns to promote rail transportation.

The goal is to transform the Kingdom into a critical logistics corridor between the East and the West.



Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
TT

Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.