Brooge Petroleum and Gas Investment Company (BPGIC) is to commence construction on the second phase of its crude and oil products storage terminal in Fujairah, UAE.
The plans include adding eight tanks, totalling 600,000 cbm of capacity for crude oil, the company said in a statement. The expansion is expected to be completed by the fourth quarter of 2019.
“Fujairah is in a prime location outside of the Strait of Hormuz and well positioned in the middle of the global trading routes,” General Manager Nico Paardenkooper said.
“We do strongly believe in establishing more independent crude oil storage capacity with crude blending options as this is something that is becoming more important globally.”
For more information, visit: www.bpgic.com
26th Apr 2018