Brooge Petroleum and Gas Investment Company FZC (BPGIC), has initiated works on phase 2 of its storage terminal in the emirate of Fujairah. The expansion works include the addition of eight tanks with a total storage capacity of 601,600 cbm, bringing the total storage capacity of the terminal to 1,000,200 cbm.
“We are very happy to see that there are new investments going into the oil and gas industry, and we commend BPGIC for its efforts to grow and to positively contribute to the development of the energy industry,” said OPEC Secretary-General H.E. Mohammed Barkindo. “There has been a sharp contraction in investment across the energy industry’s supply chain for two consecutive years, but the medium-to-long term oil demand is robust despite the headwinds, and so we hope to continue to see more investments in the near term.”
Phase 2 tanks are mainly designed for storing crude oil, whilst flexibility of storing black products is also considered. Tank configurations are four with a capacity of 107,700 cbm each and four with a capacity of 42,700 cbm each. Phase 2 shall also consist of building associated infrastructures including a new pump manifold with high flow rate pumps meeting FOTT VLCC requirements, additional jetty lines, and other associated works. Common infrastructure built under Phase 1 is already designed to cater for the Phase 2 utilities, fire fighting and power requirements.
Completion of construction of Phase 2 is planned for the fourth quarter of 2019.
BPGIC’s terminal began operations in the Port of Fujairah in January 2018. The facility currently stores refined oil products, such as fuel oil and clean products, and provides a range of ancillary services such as blending, heating, inter-tank transfers and ship loading and unloading.
Currently, the Company operates 14 convertible tanks that are fitted with best-in-class technology and built with high quality materials. The terminal has the capability of having 11 simultaneous operations.
For more information visit: www.bpgic.com
20th September 2018