Samsung KODEX Banks ETF (091170)

Overview

Brooge Energy Limited operates in the oil storage and services sector, focusing primarily on its operations at the Port of Fujairah in the United Arab Emirates. Its business model encompasses the management of phase I and phase II facilities, offering a combined storage capacity of approximately 1,001,388 cubic meters. Initially known as Brooge Holdings Limited, the company underwent a rebranding to Brooge Energy Limited in April 2020, reflecting its diversified energy focus and broader strategic goals. Founded in 2019 and with its headquarters stationed in Dubai, the United Arab Emirates, Brooge Energy has quickly established itself as a significant player in the regional oil storage and services market.

Products and Services

Brooge Energy Limited provides a comprehensive range of storage, heating, and blending services tailored to meet the demands of the oil industry. Its facilities have been designed and constructed to offer versatile solutions for a wide array of fuel and petroleum products. The extensive list includes:

• Storage: The company offers high-capacity storage solutions designed for a variety of oil products, ensuring safety and regulatory compliance.
• Heating: A crucial service for maintaining the viscosity of heavy oil products, Brooge Energy’s heating solutions contribute significantly to product quality management.
• Blending: By providing blending services, the company supports its clients in achieving the desired product specifications and standards, critical for market distribution.
• Fuel Oil: Specialized storage and handling for fuel oil, accommodating the essential needs of shipping and other heavy industries.
• Clean Petroleum Products: This includes a broad spectrum of products such as aviation fuel, gas oil, gasoline, marine gas oil, and naphtha, each stored and managed with the highest industry practices.