Fujairah’s Brooge pushes on with ambitious plans despite refinery setback
Issue 1098
- 05 Mar 2020
| 4 minute read
Nasdaq-listed Brooge Holdings in late February said its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company (BPGIC) had ended a project with Nigeria’s Sahara Energy Resources to build a modular refinery at BPGIC’s terminal in Fujairah. BPGIC said the decision was due to “differing perspectives and visions” – and it quickly entered into a new refinery agreement with its Phase I and II offtake customer, Al Brooge International Advisory (BIA), for a 25,000b/d capacity refinery. Under the agreement, BIA will build and BPGIC operate the refinery.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles and set up news alerts.
Register