Brooge Energy Begins Preconstruction Work on Phase III Oil Storage Facility
(P&GJ) — Brooge Energy, a midstream oil storage and service provider, has begun preconstruction work for its Phase III oil storage terminals and refinery outside the Strait of Hormuz, next to the Port of Fujairah, in the UAE.
The preconstruction work includes the commencement of the soil investigation and the Environmental Impact Assessment report.
Upon completion, this would make Brooge Energy the largest oil storage provider in the Port of Fujairah, UAE.
Brooge Energy will construct and operate its planned Phase III facility through its newly formed and wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company Phase III FZE.
“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,” said Nicolaas L. Paardenkooper, CEO of Brooge Energy.
The storage facility is expected to be operational in late 2022.
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