Brooge Energy announced on 9 September that its BPGIC subsidiary has commenced operations at its delayed eight-tank 600,000m³ (3.8mn barrel) Phase II storage facilities in Fujairah. Phase II includes storage tanks for both crude oil and clean products, and brings BPGIC’s total Fujairah capacity up to 1mn m³ (6.3mn barrels). All capacity is fully contracted.
Brooge CEO Nicolaas Paardenkooper hailed the milestone, saying “we are pleased that our Phase II facility, which now includes capacity to store crude oil along with fuel oil, is officially open and revenue-generating, having received its first cargo. Oil storage in the port of Fujairah in the Middle East is in high demand, which has enabled us to fully contract the entire capacity with multi-year take-or-pay contracts.” (CONTINUED - 190 WORDS)