Gulf Petrochem

Oil Industry in GCC Region Market Report 2021-2025: Featuring Dar Al Amal Diesel Trading, Trescorp Alliance, Alchemist Energy Trading, Panorama Oil Products Trading and Innova Refining & Trading - ResearchAndMarkets.com

Retrieved on: 
Friday, November 18, 2022
Oil, Gas, Energy, Natural gas, O&G, Agriculture, Beauty, SNOC, Human, Solvent, Chemical industry, Biomass, GCC, USD, Safety, GDP, Gulf Petrochemicals and Chemicals Association, Transport, Electronics, Persian Gulf, Plastic, LPG, Household, Growth, Adhesive, Gulf Petrochem, Clothing, GPCA, Atlas, Chemical, Oil, Hamriyah

The "Oil Industry in GCC Region Market Research Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil Industry in GCC Region Market Research Report" report has been added to ResearchAndMarkets.com's offering.
  • GCC countries have combined proven reserves of 497 billion barrels of crude oil, representing approximately 34% of the world's estimated proven crude oil reserves.
  • The volume of oil production includes crude oil, shale oil, oil sands and NGLs (the liquid content of natural gas, where this is recovered separately).
  • With advancements in industry 4.0 innovations, the oil & gas (O&G) industry trends are set to transform the industry in terms of efficiency, safety, and smart solutions.

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.