Middle East News 247
Energy

UAE oil-storage hub to open new tanks this year

Brooge Energy Ltd. expects new tanks at its oil-storage terminal in the United Arab Emirates to be fully operational by the end of the year, with a single customer booked to lease all the additional capacity.

The US-listed storage operator is adding eight tanks at the site in the UAE port of Fujairah, boosting capacity by 3.8 million barrels of crude and refined products, it said in a statement.

The importance of adequate oil storage lurched into focus this year as the coronavirus pandemic wiped out fuel demand and left tanks around the world brimming. Brooge will have…

Read full article

Related posts

Hitachi Energy partners with Emirates Global Motor Electric to advance sustainable mobility in Middle East and Africa

Editor - CL

Capital Power orders two Mitsubishi Power JAC gas turbines to help achieve net carbon neutral goal

Zoe Saunders

Oil trades at six-week high with demand optimism spurring rally

Editor - PK