Brief: Brooge Energy LTD Announces Completion of Basic Design for Phase III Facility

Brooge Energy

16/07/2020 07:12

July 16 (Reuters) - BROOGE ENERGY LIMITED:
    * ANNOUNCES COMPLETION OF BASIC DESIGN FOR PHASE III
FACILITY
    * MUC OIL & GAS ENGINEERING CONSULTANCY (MUC) HAS ISSUED THE
FINAL
BASIC DESIGN FOR THE COMPANY'S PLANNED PHASE III OIL STORAGE
TERMINALS AND REFINERY
    * IN APRIL 2020, THE COMPANY APPOINTED MUC OIL & GAS
ENGINEERING
CONSULTANCY TO COMPLETE THE BASIC DESIGN AND FRONT END
ENGINEERING DESIGN (FEED) STUDY FOR ITS PLANNED 180,000 BPD
REFINERY AND THE PHASE III OIL STORAGE FACILITY IN FUJAIRAH,
UAE. COMPLETING THE BASIC DESIGN PROGRESSES THE COMPANY’S PLAN
TO DEVELOP UP TO 3.5 MILLION M3 OF STORAGE CAPACITY, THE
EQUIVALENT OF 22 MILLION BARRELS
    * THE COMPANY IS TARGETING THE PHASE III FACILITY TO BE
OPERATIONAL IN LATE 2022


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