Brooge Petroleum to build 250,000bpd IMO-compliant oil refinery in Fujairah

The new regulations of IMO will require ships to use fuels with a sulphur content below 0.5% beginning in 2020. Current shipping fuel is much dirtier, with a higher sulphur content

BPGIC hosted on 16 September 2018 an evening gala and signing ceremony in Dubai to mark the initiation of the construction of the expansion of its storage terminal in the emirate of Fujairah. The evening gala held at the Dubai Opera House organised by BPGIC attracted many notable dignitaries and influential members of the oil and gas industry, including Mohammed Barkindo, the secretary general of OPEC, and officials from the UAE Ministry of Energy and Industry, country ambassadors, the executive chairman of Audex, a leading Singaporean EPC company and the awarded contractor for the project, as well as many other high-profile individuals from the oil and gas industry. At the event, Nicolaas Paardenkooper, BPGIC CEO, and chairperson of Audex, Edna Ko, signed the EPC contract that officially marks the start of the project. (Image for representation purpose only)
BPGIC hosted on 16 September 2018 an evening gala and signing ceremony in Dubai to mark the initiation of the construction of the expansion of its storage terminal in the emirate of Fujairah. The evening gala held at the Dubai Opera House organised by BPGIC attracted many notable dignitaries and influential members of the oil and gas industry, including Mohammed Barkindo, the secretary general of OPEC, and officials from the UAE Ministry of Energy and Industry, country ambassadors, the executive chairman of Audex, a leading Singaporean EPC company and the awarded contractor for the project, as well as many other high-profile individuals from the oil and gas industry. At the event, Nicolaas Paardenkooper, BPGIC CEO, and chairperson of Audex, Edna Ko, signed the EPC contract that officially marks the start of the project. (Image for representation purpose only)

The UAEs’ Brooge Petroleum and Gas Investment Co (BPGIC) has announced plans to set up an oil refinery to produce bunker fuel with a capacity of 250,000 barrel per day (bpd) in the Emirate of Fujairah, according a news report published by Emirates News Agency (WAM) on 13 May.

The report further stated that the company said the facility will be the first-of-its-kind in the Middle East and North Africa to comply with the new regulations of the International Maritime Organisation (IMO) for 2020 by capping sulphur content in shipping fuels.

The first phase of the planned refinery will be completed by Q1-2020, said Nicolaas Paardenkooper, BPGIC CEO, according to the news report.

"The new facility will contribute to bolstering the growing status of the Emirate of Fujairah in the oil and gas industry and help meet the growing demand for shipping fuel that complies with the new international laws on capping sulphur content in shipping fuels," Paardenkooper commented.

"It falls in line with the company's expansion strategy and its growing contribution to the development of the oil and gas industry in the UAE by injecting more investments into this essential sector," Paardenkooper noted.

As per the WAM report, Paardenkooper highlighted the listing of the company on Nasdaq Stock Exchange in April as a resounding success conducive to building up investor confidence in the company and its expansion plans.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

The UAE’s forward-looking guidance directing ADNOC’s 4-year transformation has increased the company’s resilience and agility, says ADNOC CEO
Speaking on ADNOC's 'Virtual Majlis', ADNOC CEO notes the OPEC-plus plus agreement and voluntary cuts outside OPEC are having a positive impact
ADNOC Distribution reports net profit of $108.92mn in Q1-2020
ADNOC Distribution announces new customer initiatives to combat impact of Covid-19
Amin Nasser reiterates well-being of employees as essential for the company’s business continuity plans
Saudi Aramco has undertaken stringent measures to tackle Covid-19, with the establishment of an executive task force headed by Nabeel A Al Jama’, acting service line head of operations and business services
Rompetrol to achieve digital transformation and triple bottom line performance with KBC digital twin
Petro-SIM connected digital twin to sustain margin improvements and underpin digital transformation activities

MOST POPULAR