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MOSCOW (MRC) -- Brooge Energy Limited, a
midstream oil storage and service provider strategically located outside the
Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates
(“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment
Company FZE (“BPGIC”), announced it has commenced hydrotesting for its Phase II
storage facility expansion, an important milestone that signifies the
advanced stage of the terminal’s development, said Hydrocarbonprocessing.
With
the commencement of all the necessary hydrotests, the development of the Phase
II facility has now entered into some of the testing stages required of the
construction process. Hydrotesting is considered a major milestone of this
process confirming the tank integrity. Once Phase II construction is finalized,
the facility will increase the Company’s total geometric oil storage capacity to
approximately 1 million m3 or 6.3 million barrels, from its current geometric
capacity of approximately 400,000 m3, or 2.5 million barrels, and also enables
the Company to offer crude oil storage using some of the latest technology to
enhance Company performance and operational efficiency.
Nicolaas L.
Paardenkooper, CEO of Brooge Energy and BPGIC, said, "We are nearing an advanced
and important leg of the construction of our Phase II oil storage facility and
are very pleased to reach this milestone, notwithstanding the current challenges
due to ongoing restrictions. Once completed, we believe this facility will make
us the second largest non-captive storage provider in Fujairah. The facility is
already fully contracted on a multi-year basis so will be operating at full
capacity and revenue-generating as soon as it is operational and past the
testing and commissioning stage."
As MRC informed
earlier, in July, Bharat Petroleum Corp. Ltd. (BPCL) has let a contract to
Dastur International Inc. and Lummus Technology LLC to jointly execute a
feasibility study for a petcoke gasification project at BPCL’s 15.5-million
tonne/year (tpy) Kochi refinery at Ambalamugal, Ernakulam district, in the
Indian state of Kerala.
According to MRC's DataScope report, PE
imports to Russia dropped in January-June 2020 by 7% year on year to 328,000
tonnes. High density polyethylene (HDPE) accounted for the main decrease in
imports. At the same time, PP imports into Russia rose in the first six months
of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer
(homopolymer PP) accounted for the main increase in imports. |
