UAE's BPGIC to Expand Storage Capacity, Refinery Operations
10.14.2019 By Greta Talmaci - NEWS

October 14, 2019 [Reuters] – The United Arab Emirates’ Brooge Petroleum and Gas Investment Co. (BPGIC) plans to boost crude oil storage capacity and expand refining facilities after managing to lease additional land in Fujairah for its operations, the company said on Thursday.

 
“BPGIC expects that…could add storage and services capacity of…3.5 million cubic metres,” it said in a statement.

The capacity is in addition to existing storage capacity of 1 million cubic metres across about 22 tanks for crude and oil products, BPGIC added.

The company said it aimed to start construction for the new facilities later in 2019, and was in talks with international oil companies to lease part of its planned crude storage capacity.

————-

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial
Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More