Brooge Petroleum and Gas Investment Company (BPGIC) has awarded SENER a contract to build a new oil refinery in Fujairah, Reuters reported.

The project will produce low-sulfur bunker fuel, complying with international standards.

The first phase of the planned 250,000 barrel per day (b/d) refinery will be completed in Q1 2020.

UAE-based BPGIC is listed on the Nasdaq Stock Exchange since its merger with the US-based Twelve Seas Investment Company, as part of an expansion strategy.

SENER is a Spain-based engineering and technology group that was founded in 1956.