Fujairah’s Brooge pushes on with ambitious plans despite refinery setback
Issue 1098 - 05 Mar 2020
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.
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