Brooge Petroleum and Gas Investment Company (BPGIC) has announced the opening of its new 600,000-cu-m storage facility in Fujairah Oil Industry Zone (FOIZ).
BPGIC is a wholly-owned subsidiary of Brooge Energy, a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah.
With the launch of this Phase Two facility, its total capacity has now reached 1 million cu m (6.3 million barrels).
The company is also planning construction for its Phase Three facility which will include crude oil tanks, in addition to increasing capacity for fuel oil and clean products.
The Phase Two facility was inaugurated by Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, who affirmed the emirate’s significant role as a hub for petroleum storage facilities and delivery of world-class marine services for the oil industry in alignment with the UAE's strategy for sustainable energy development.
Timipre Sylva, Nigerian Minister of Petroleum Resources; Mohammad Sanusi Barkindo, OPEC Secretary-General; Sharif Salim Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure, and Ahmed Mohammed Al Kaabi, Assistant Under-Secretary of Petroleum, Gas and Mineral Resources Affairs at Ministry of Energy and Infrastructure, were also present at the event.
He pointed out that its strategic location and advanced infrastructure have made it an attractive investment destination and a leader in the oil and petrochemical industries.
Brooge executives later briefed Sheikh Mohammed about the company's investment and expansion plans in oil refining and storage in the emirate.