The Crown Prince of Fujairah H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi on Wednesday (22 September) inaugurated the second phase of oil storage facilities developed by Brooge Petroleum and Gas Investment Co. at the Fujairah Oil Industry Zone (FOIZ), according to the Emirates News Agency.
The second phase adds 600,000 cubic metres of storage volume to the facility, thereby expanding its total storage capacity to around 1 million cu m (6.3 million barrels).
During the inauguration ceremony, the Crown Prince noted the emirate has become a key centre for energy resources, the oil industry and storage. Its strategic location and advanced infrastructure have made it an attractive investment destination and a leader in the oil and petrochemical industries.
A Manifold Times report in August noted the Phase III construction for a 2.5 million cbm oil storage facility, a modular 25,000 barrel per day (bpd) refinery, and a larger 180,000 bpd conventional refinery to be completed by 2023.
Photo credit: Emirates News Agency
Published: 1 October, 2021
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