Brooge Petroleum and Gas Investment Company (BPGIC), a subsidiary of Brooge Energy, has officially commenced operations at its phase II storage facility in the Port of Fujairah, UAE, which has now received its first cargo.
The site, which stores clean petroleum products and crude oil, successfully completed all testing and commissioning and received all regulatory approvals. It is fully contracted. With the opening of Phase II, BPGIC is the second largest independent storage operator in the region, with a capacity of approximately 1 million m3 (6.3 million bbl).
BPGIC has built the facility to the same standards as its phase I facility, using the latest technology to minimise operating costs and maximise performance. The company says that the design of its automated storage solutions reduces product losses as well as offering heating and blending.
‘This is a major milestone for Brooge Energy and follows months of careful planning, construction, contract negotiations and testing, all while navigating a challenging macro-environment which impacted on our supply chain and construction timelines. 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,’ says Nicolaas L Paardenkooper, CEO of Brooge Energy and BPGIC.