The latest of Koyenco’s ventures, construction of this port has commenced in Azheekkal in the Northern Coast of Kerala. A joint venture with the Universal Lubricants Factory Sharjah, Koyenco formed a new company Universal Petroleum to facilitate the import of quality petrol, diesel and lubricants into the country and ring it to the Indian consumer at the best prices.

 This port will have state-of-the-art facility for storage and will meet international standards. In terms of logistics it will be of significant help to exporters and importers, saving transportation costs substantially especially since Kerala is a consumer state for all products. Future plans include setting up a cement plant, and Palm Oil refinery in the vicinity of the port.