Fujairah | Egypt Oil & Gas - Part 2
ADNOC Acquires 10% Stake In VTTI
Abu Dhabi National Oil Company (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 e...
Brooge to Construct Oil Refinery in Fujairah
The UAE’s Brooge Petroleum and Gas Investment Company (BPGIC) plans to construct an oil refinery in Fujairah, Pipeline Oil and Gas Magazine reported. The refinery is set to produce bunker fuel with a production capaci...
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, Zawya reported citing Emirates News Agency (WAM). The distil...
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, three sources familiar with the matter t... Fujairah Stocks Drop to 16.8M Barrels
The supply of refined products at Fujairah, an oil terminal in the UAE, fell to 16.8 million barrels, a 6.9% decrease, Zawya reports. The decline was led by falling stocks of light distillates. They fell by 23.5% to 4...
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol, a global energy trading house, are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises, reported Reuters. In an attempt to av...
UAE Opened VLCC Jetty in Fujairah
The United Arab Emirates (UAE) has opened a very large crude carrier (VLCC) jetty in Fujairah on the east coast, lying along the Gulf of Oman. The project’s total cost was about $177m, according Gulf News. The p...
Abu Dhabi Received First FSRU Vessel
Abu Dhabi Gas Industries Limited (GASCO), a joint venture between Abu Dhabi National Oil Company (ADNOC) and European multinationals Shell and Total, has received its first Floating Storage and Regasification Unit (FS...
