Fujairah City

Brooge Energy Ltd. Announces Positive Feasibility Study for Proposed Phase III Facility

Retrieved on: 
Wednesday, July 28, 2021
Emirates of the United Arab Emirates, Emirate of Fujairah, Petroleum industry, Fujairah City, Port of Fujairah, Midstream, Fuel oil, Strait of Hormuz, Gulf Petrochem

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates, today released the results of the feasibility study commissioned for Brooge Energy’s Phase III oil storage facility and refinery. The feasibility study supports the financial viability of the Company’s Phase III expansion plan, highlighting upcoming infrastructure investments in the region as a key driver of sustainable storage demand and rising domestic and export demand for refined products as a key driver of refinery demand.

Key Points: 
  • NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Brooge Energy Ltd. (Brooge Energy or the Company) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, in the Port of Fujairah in the United Arab Emirates, today released the results of the feasibility study commissioned for Brooge Energys Phase III oil storage facility and refinery.
  • The successful build out of Brooge Energys Phase III facility would position the Company as the largest independent oil storage facility in Fujairah, with capacity to store Clean Petroleum Products; Middle Distillates; High and Low Sulphur Fuel oil as well as crude oil.
  • The Phase III expected construction period is two years, with the Company anticipating it will be operational within 2023.
  • Brooge Energy conducts all of its business and operations through its wholly owned subsidiaries, Brooge Petroleum and Gas Investment Company FZE (BPGIC) and Brooge Petroleum and Gas Investment Company Phase III FZE (BPGIC III), Fujairah Free Zone Entities.

Umbrella Beach Project to Put UAE’s Fujairah on Global Tourism Map

Retrieved on: 
Monday, July 26, 2021
Retail, Luxury, Restaurant, Bar, Vacation, Destinations, Travel, Emirates of the United Arab Emirates, Emirate of Fujairah, Fujairah City, Gulf of Oman, Fujairah Corniche, Fujairah, Corniche, Hamad Bin Abdulla Road

Umbrella Beach, an ambitious tourism project now underway on the eastern coast of the UAE, appears set to put the Emirate of Fujairah on the international tourism map.

Key Points: 
  • Umbrella Beach, an ambitious tourism project now underway on the eastern coast of the UAE, appears set to put the Emirate of Fujairah on the international tourism map.
  • View the full release here: https://www.businesswire.com/news/home/20210725005023/en/
    Umbrella Beach Project to Put UAEs Fujairah on Global Tourism Map (Photo: Business Wire)
    As one of the UAEs smaller emirates, Fujairah is frequently overlooked by tourists and visitors to the country, project manager Abdullah Taleb says.
  • The Umbrella Beach project plans to rectify this by drawing attention to Fujairahs vast tourism potential, including its striking modernity, impressive work ethic, and breathtaking natural beauty.
  • Located on the Fujairah corniche, Umbrella Beach will afford visitors access to the areas pristine beaches on the scenic Gulf of Oman.

Fujairah Partners with S&P Global Platts to Publish Monthly Bunker Sales Data

Retrieved on: 
Tuesday, March 23, 2021
Emirates of the United Arab Emirates, Emirate of Fujairah, Fujairah City, Gulf of Oman, Port of Fujairah, S&P Global Platts, Fujairah Free Zone, Fujairah International Airport, Fuel oil, Fujairah, United Arab Emirates

FUJAIRAH, United Arab Emirates, March 23, 2021 /PRNewswire/ -- Fujairah, which hosts the Middle East's largest commercial storage capacity for refined oil products, has strengthened its longstanding relationship with S&P Global Platts to jointly publish monthly sales of bunker fuels and lubricants.

Key Points: 
  • FUJAIRAH, United Arab Emirates, March 23, 2021 /PRNewswire/ -- Fujairah, which hosts the Middle East's largest commercial storage capacity for refined oil products, has strengthened its longstanding relationship with S&P Global Platts to jointly publish monthly sales of bunker fuels and lubricants.
  • The Port of Fujairah and S&P Global Platts will makethe monthly volume of bunker sales during the previous month, freely available to the market on the 20th of each month, with history commencing from the start of 2021 at: fujairah.platts.com .
  • The new data will complement the weekly oil products inventory data on light distillates, middle distillates and heavy distillates & residues that FOIZ - acting through Fujairah Energy Data Committee (FEDCom) - and S&P Global Platts have jointly published since the start of 2017.
  • "We are pleased to have extended our successful partnership with Fujairah to ensure that the Fujairah Oil Industry Zone data continues to gain traction among global audiences interested in understanding the flows of bunker fuel in the region.

Brooge Energy Reports Revenue of $23 million for the Six Months Ending June 30, 2020

Retrieved on: 
Monday, November 30, 2020
Gulf of Oman, Emirates of the United Arab Emirates, Geography of the United Arab Emirates, Strait of Hormuz, Port of Fujairah, Fujairah City, Emirate of Fujairah

Request the Brooge Energy Call or Conference ID: 13713748

Key Points: 
  • Request the Brooge Energy Call or Conference ID: 13713748
    A dial-in replay of the call will also be available, to those interested, until December 7, 2020.
  • Brooge Energy conducts all of its business and operations through its wholly-owned subsidiaries, Brooge Petroleum and Gas Investment Company FZE (BPGIC) and Brooge Petroleum and Gas Investment Company Phase III FZE (BPGIC III), Fujairah Free Zone Entities.
  • Brooge Energy is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates.
  • Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy.

Brooge Energy Ltd Commences Preconstruction Work on Phase III Oil Storage Facility

Retrieved on: 
Thursday, October 22, 2020
Emirates of the United Arab Emirates, Emirate of Fujairah, Gulf of Oman, Port of Fujairah, Fujairah City

These are major milestones that pave the way for construction to start on the Phase III oil storage facility in Fujairah, UAE, which is expected to be operational in late 2022.

Key Points: 
  • These are major milestones that pave the way for construction to start on the Phase III oil storage facility in Fujairah, UAE, which is expected to be operational in late 2022.
  • Upon completion, this would make Brooge Energy the largest oil storage provider in the Port of Fujairah, UAE, which is one of the largest global oil export hubs.
  • 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 (BPGIC III).
  • Nicolaas L. Paardenkooper, CEO of Brooge Energy, said, 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, accelerate revenue growth and further entrench our position as a leading oil storage provider in the Port of Fujairah.

Brooge Energy LTD Commences Hydrotesting for Phase II Storage Facility Expansion

Retrieved on: 
Thursday, August 6, 2020
Gulf of Oman, Emirate of Fujairah, Fujairah City, Geography of Asia

With the commencement of all the necessary hydrotests, the development of the Phase II facility has now entered into some of the testing stages required of the construction process.

Key Points: 
  • With the commencement of all the necessary hydrotests, the development of the Phase II facility has now entered into some of the testing stages required of the construction process.
  • Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, said, We are nearing an advanced and important leg of the construction of our Phase II oil storage facility and are very pleased to reach this milestone, notwithstanding the current challenges due to ongoing restrictions.
  • Once completed, we believe this facility will make us the second largest non-captive storage provider in Fujairah.
  • Brooge Energy, formerly known as Brooge Holdings, conducts all of its business and operations through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), a Fujairah Free Zone Entity.

Brooge Energy LTD Announces Completion of Basic Design for Phase III Facility

Retrieved on: 
Wednesday, July 15, 2020
Fujairah City, Port of Fujairah

In April 2020, the Company appointed MUC Oil & Gas Engineering Consultancy to complete the basic design and Front End Engineering Design (FEED) study for its planned 180,000 bpd refinery and the Phase III oil storage facility in Fujairah, UAE.

Key Points: 
  • In April 2020, the Company appointed MUC Oil & Gas Engineering Consultancy to complete the basic design and Front End Engineering Design (FEED) study for its planned 180,000 bpd refinery and the Phase III oil storage facility in Fujairah, UAE.
  • The Company is targeting the Phase III facility to be operational in late 2022.
  • Concurrently, we are in discussions with global oil majors that have expressed interest in contracting portions of the Phase III facility.
  • Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy.

Brooge Energy LTD Signs Offtake Agreement with Super Major Oil Company

Retrieved on: 
Monday, May 4, 2020
Gulf of Oman, Oil companies, Companies, Fujairah City, BP, Fujairah Free Zone, Emirate of Fujairah, Industries

Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, said, The recent and significant increase in the worlds oil supply at a time when demand for oil has fallen has caused oil storage capacity worldwide to rapidly fill up, and storage tanks in Fujairah to reach full capacity.

Key Points: 
  • Nicolaas L. Paardenkooper, CEO of Brooge Energy and BPGIC, said, The recent and significant increase in the worlds oil supply at a time when demand for oil has fallen has caused oil storage capacity worldwide to rapidly fill up, and storage tanks in Fujairah to reach full capacity.
  • As a result of these new market dynamics, we successfully negotiated with our existing Phase I offtake customer for the return of 129,000 cbm of storage capacity, which we have now fully contracted in order to accommodate the requirements of the super major oil company.
  • Brooge Energy, formerly known as Brooge Holdings, conducts all of its business and operations through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), a Fujairah Free Zone Entity.
  • Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy.

Brooge Energy Appoints Syed Masood Ali as Acting Chief Financial Officer

Retrieved on: 
Monday, April 27, 2020
Gulf of Oman, Geography of Asia, Western Asia, Countries, Port of Fujairah, Strait of Hormuz, Fujairah City, Emirate of Fujairah, United Arab Emirates

NEW YORK, April 27, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (Brooge Energy or the Company) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (UAE) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), announced today the appointment of Syed Masood Ali as Chief Financial Officer.

Key Points: 
  • NEW YORK, April 27, 2020 (GLOBE NEWSWIRE) -- Brooge Energy Limited (Brooge Energy or the Company) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (UAE) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), announced today the appointment of Syed Masood Ali as Chief Financial Officer.
  • Nico Paardenkooper, CEO of Brooge Energy, commented, Syed brings to our senior management team an impressive corporate finance and international reporting background.
  • Mr. Syed brings to Brooge Energy banking, finance, marketing and management experience in multiple international markets.
  • Readers are referred to the most recent reports filed with or furnished to the SEC by Brooge Energy.

BROOGE HOLDINGS ANNOUNCES SHAREHOLDER APPROVAL TO CHANGE NAME TO BROOGE ENERGY LIMITED

Retrieved on: 
Tuesday, April 7, 2020
Gulf of Oman, Geography of Asia, Western Asia, Fujairah City, Countries, Port of Fujairah, Emirate of Fujairah, Strait of Hormuz, United Arab Emirates, Fujairah Free Zone, Ormus

Brooge expects to begin conducting business under its new name beginning tomorrow, April 8, 2020.

Key Points: 
  • Brooge expects to begin conducting business under its new name beginning tomorrow, April 8, 2020.
  • Brooge Holdings conducts all of its business and operations through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (BPGIC), a Fujairah Free Zone Entity.
  • BPGIC is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates.
  • Readers are referred to the most recent reports filed with or furnished to the SEC by the Company.