The Brooge Petroleum and Gas Investment Company (BPGIC) announced yesterday that it will complete phase one of its oil refinery by 2020. The refinery will produce over 250,000 barrels per day of bunker fuel in the emirate of Fujairah.
The new refinery will be compliant with new international Maritime Organisation (IMO) regulations that will be effective as of 2020, capping sulfur content below 0.5%. The refinery will be one of the first companies in UAE to cap sulphur content and shipping fuels.
Chief Executive Officer of BPGIC, Nicolaas Paardenkooper said: “The new facility will contribute to bolstering the growing status of the Emirate of Fujairah in the oil and gas industry and help meet the growing demand for shipping fuel that complies with the new international laws on capping sulphur content in shipping fuels.”
“It falls in line with the company’s expansion strategy and its growing contribution to the development of the oil and gas industry in the UAE by injecting more investments into this essential sector.”