Fujairah

Fujairah Oil Stocks Decline in Four weeks

Oil stockpiles of Fujairah recorded a four-week slide while the rebound of heavy distillates making up for a string of declines in middle distillates and a drop in light distillates for the lowest in six weeks.

Fujairah Adds Fourth Refinery in 2021

The Fujairah Port will get a fourth refinery in 2021 as Brooge Energy expects its 25,000 barrels per day (bbl/d) refinery producing low sulfur fuel oil to be launched in H2 2021.

Fujairah Oil Stockpiles Records Highest Level Since August  

The latest data issued by Fujairah Oil Industry Zone, showed that Fujairah port oil stocks recorded the highest level since August after increasing by 6.7% in the week to December 14

Oil Products Stockpiles Decline in Fujairah

Data released by Fujairah Oil Industry Zone showed that oil products stocks in the East Coast port of Fujairah, continued to decline along the past week.

Fujairah Oil Stocks Rebound to Record High 

Oil product stocks have reached new record levels at the UAE’s East Coast Port of Fujairah due to an increase in heavy fuels used in marine and power industries.

Brooge Energy Signs Contract with Major Oil Trading Company

Brooge Energy Limited, an oil storage and service provider, announced on May 4 that it has signed an offtake contract with an oil trading company which is one of the super major oil companies in the world.

ADNOC Acquires 10% Stake In VTTI

ADNOC announced that it has acquired a 10% stake in VTTI, a global energy storage terminal owner and operator, as part of its transformation vision to become a more integrated global energy player.

Brooge to Construct Oil Refinery in Fujairah

The refinery is set to produce bunker fuel with a production capacity of 250,000 barrels per day (b/d).7

Fujairah Oil Stocks Increase

The oil products stock at Fujairah port increased by 2.4%, reaching 22.008 million barrels, according to data exclusively obtained by S&P Global Platts.

UAE’s Brooge Petroleum Targets 2018 London IPO

Emirati Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million in capital in an initial public offering (IPO) on the London exchange before the end of 2018.

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