Brooge Energy Ltd. (BROG)

Overview

Brooge Energy Limited operates in the energy sector, focusing on the provision of oil storage and related services in the Port of Fujairah, which is located in the emirate of Fujairah, United Arab Emirates. The company’s operational infrastructure is highlighted by its phase I facility, which showcases 14 storage tanks with a collective geometric capacity totaling 399,324 cubic meters. These tanks are designed for the storage, heating, and blending of a varied range of fuel oil and clean petroleum products. Brooge Energy Limited has evolved from its former identity as Brooge Holdings Limited, undergoing a name change in April 2020, signaling a broader scope of operations or strategic rebranding. Established in 2019, it has its headquarters in Fujairah, reinforcing its strategic positioning within a key port and thriving energy hub in the United Arab Emirates.

Products and Services

• Storage, Heating, and Blending Services: The core service offered involves the storage, heating, and blending of various petroleum products. This includes, but is not limited to, fuel oil, aviation fuel, gas oil, gasoline, marine gas oil, and naphtha. This service is crucial for clients requiring precise condition and composition management of their oil products before they are transported or sold.
• Ancillary Services: In addition to its primary services, Brooge Energy Limited offers a range of ancillary services to complement its storage and processing capabilities. These include:
• Blending and Circulation: This service ensures that stored products can be blended to meet specific client requirements, enhancing the product's market value or suitability for specific applications.
• Heating: For certain oil products, maintaining or achieving a specific temperature is necessary for optimal handling and processing. Brooge Energy provides heating services to manage the viscosity of stored products, ensuring they remain within specified parameters.
• Throughput: This involves the movement of products into, through, and out of the storage facility. It is critical for the efficient management of the inflow and outflow of products, ensuring timely availability for shipping or further processing.
• Intertank Transfer: The facility is equipped to perform intertank transfers, enabling the relocation of products between tanks. This flexibility is essential for optimizing storage space and accommodating new shipments.