Fujairah to get major oil storage boost

摘要

London-Fujairah’s status as a global trading hub took another leap forward as UA E-based Brooge Petroleum and Gas Investment Company (BPGIC) said this week it plans to boost storage capacity for crude and oil products. BPGIC, one of the largest holders of storage assets in the Emirate, said it aims to expand its storage terminal by 600,000 cu m of capacity for crude oil by the second quarter of 2019. This would take storage up to the 1 million cu m mark.