oil storage terminals Archives

Abu Dhabi Investment Authority

VTTI to acquire India’s debt-ridden IL&FS’s stake in Fujairah fuel storage JV

by James MathewWed 3 Nov 2021Tue 9 Nov 2021

Stake acquisition deal is pegged at $90 million

BPGIC

UAE’s Brooge Petroleum takes first oil at expanded storage site

by BloombergSun 12 Sep 2021Fri 29 Oct 2021

Brooge Petroleum and Gas Investment Co. is the unit that operates the storage terminal at the port of Fujairah

Brent Crude

Video: How the US oil price fell below zero

by ITPThu 23 Apr 2020Wed 6 Oct 2021

Worries about the level of demand and lack of available storage capacity pushed the price of benchmark US crude oil prices below zero.

Brooge was founded in 2013 with storage assets in the UAE port of Fujairah.

BPGIC

Brooge Petroleum to list on Nasdaq in reverse merger worth $1bn

by BloombergTue 16 Apr 2019Thu 7 Oct 2021

Fujairah-based Brooge plans to increase its storage capacity to 1 million cubic meters by late in the second quarter or early in the third quarter of 2020

Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO.

Abu Dhabi National Oil Company

Adnoc inks deal for world’s largest underground oil storage project

by Sam BridgeWed 27 Feb 2019Wed 6 Oct 2021

Engineering, procurement and construction contract awarded to South Korean firm for Adnoc Fujairah Underground Storage

ADNOC

UAE eyeing further oil investments in India

by James MathewThu 14 Feb 2019Wed 6 Oct 2021

Sultan Ahmed Al Jaber, CEO of the ADNOC, received a lifetime achievement award at Petrotech Conference from Prime Minister Narendra Modi