UAE-based Brooge Petroleum and Gas Investment Company (BPGIC) has reportedly awarded a contract to Spanish engineering firm Sener for the construction of an oil refinery in Fujairah as part of its expansion plan.
According to Thomson Reuters, the first phase of the 250,000 barrels-per-day refinery is expected to finish by Q1 2021 and will produce bunker fuel that complies with new international laws.
As part of the new regulations from International Maritime Organisation, ships can only use fuel with a sulphur content below 0.5%.
Established in 2013, BPGIC is among the largest holders of storage assets in Fujairah.
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