UAE oil storage services company Brooge Energy has begun pre-construction work for the Phase III development work at its oil storage facility at the Port of Fujairah, UAE.
The planned Phase III expansion will bring the total storage capacity at Fujairah to 4.5 million m3, the equivalent of 28.3 million bbl, and will make Brooge Energy the largest oil storage provider in the Port of Fujairah. It is expected to be operational in late 2022.
The pre-construction work includes soil investigation and the environmental impact assessment (EIA) report. Phase III will be constructed and operated by Brooge Energy’s newly formed and wholly owned subsidiary, Brooge Petroleum and Gas Investment Company Phase III FZE (BPGIC III).
‘We are very pleased to have started preconstruction work on our Phase III facility, which is a key next step in our strategy to increase our storage capacity, accelerate revenue growth and further entrench our position as a leading oil storage provider in the Port of Fujairah. Starting the Soil Investigation and the EIA report are significant developments and bring us closer to commencing construction on the facility,’ says Brooge Energy CEO Nicolaas L. Paardenkooper.
Brooge Energy announced in July that the eight tanks making up Phase II of the Fujairah facility would be commissioned by the end of 2020.