Brief: Brooge Energy Announces Technical Studies For Refinery, Phase III Oil Storage Terminals

Brooge Energy

23/04/2020 05:58

April 23 (Reuters) - BROOGE ENERGY LTD:
    * ANNOUNCES TECHNICAL STUDIES FOR REFINERY AND PHASE III OIL
STORAGE TERMINALS
    * APPOINTED MUC OIL & GAS ENGINEERING CONSULTANCY TO
COMPLETE
BASIC DESIGN FOR A 180,000 BPD REFINERY
    * APPOINTED MUC FOR FRONT END ENGINEERING DESIGN STUDY FOR
ITS
PLANNED PHASE III OIL STORAGE TERMINALS IN FUJAIRAH
    * UPON COMPLETION, PHASE III FACILITY CAN ADD ADDITIONAL
STORAGE
CAPACITY RANGING FROM 2,100,000 M3 UP TO 3,500,000 M3 OF FUEL
OIL, CLEAN PRODUCTS AND CRUDE OIL
    * EXPECTS STUDIES TO COMPLETE WITHIN 3-MNTHS, WILL DEVELOP
TECHNICAL DEFINITION, COST, SCHEDULE ESTIMATES FOR PROPOSED
PHASE III FACILITY
    * COMPANY ALSO AIMS TO INCLUDE A REFINERY OF UP TO 180,000
BPD
    * LAYOUTS AND REFINING CAPACITY ARE EXPECTED TO BE FINALIZED
UPON
FEED STUDY COMPLETION


 ((Reuters.Briefs@thomsonreuters.com;))