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Fujairah-based storage terminal operator Brooge Petroleum has announced a plan to build a 250,000 b/d “refinery” near the port to produce bunker fuels in line with tighter International Maritime Organization (IMO) regulations. Brooge will partner with Nigeria’s Sahara Energy, although the respective stakes are unclear.
The UAE’s state WAM news agency quotes Brooge as saying the “first phase” of the refinery will be completed by 1Q 2020, but Sahara tells MEES that this essentially just entails the partners working out the project’s timeframe, and the precise details of the units. Brooge has not disclosed what type of upgrading units are planned. The firm is currently expanding its Fujairah storage capacity, which currently sits at 398,600 m³ (around 2.5mn barrels), to 1mn m³ (6.3mn barrels), which it plans to complete by 1Q 2020. (CONTINUED - 132 WORDS)