BPGIC highlights its progress at ADIPEC featuring Mohammed Barkindo,Secretary General of OPEC

Thursday 15 November 2018
Abu Dhabi - MENA Herald:

Brooge Petroleum & Gas Investment Company FZC (“BPGIC” or “the Company”), a leading UAE-based independent oil storage provider with operations in Fujairah, today presented the latest updates on the Company at a press conference held at the 2018 ADIPEC exhibition and conference in Abu Dhabi.

The Company’s CEO Mr. Nico Paardenkooper, Head of Business Development, Miss Lina Saheb, and CFO, Mr. Douglas MacLennan were joined by His Excellency Mohammed Barkindo, Secretary General of OPEC, where they delivered a short address to the audience, which included industry peers and international and regional journalists.

Mr. Paardenkooper said, “Our Company is one of the most technically advanced in the terminal and storage industry with advanced technology that has been implemented after many years of study. We successfully commenced commercial operations earlier this year and are very excited that our next phase of growth, which will enable us to store up to 600 thousand cubic metres of crude oil – a commodity which remains very important in the region and for which demand is set to grow for many years to come.

“Demand for crude capacity is increasing in Fujairah, because of its strategic location and we think there is further capacity for growth of independent oil storage providers such as BPGIC to meet those demands,” added Mr. Paardenkooper.

On the Company’s expansion plans, Miss Saheb said, “We are considering further expansion in Fujairah to meet the growing demand for crude oil storage. While we are still in the planning phase, we are very excited about what the future holds for the Company.”

For his part, H.E. Barkindo, praised the Company for its commitment to the development of the oil industry.

H.E. Barkindo said: “After two years of contraction in investment in the oil industry, we are starting to see a renewed interest and optimism from the private sector towards investing across the oil industry supply chain, from upstream to midstream and downstream. When I visited BPGIC facilities in Fujairah during the inauguration of phase two, I was very happy and proud to see the developments taking place, as this is a testament of the faith and belief in the oil industry from the private sector. I commend BPGIC for their efforts and the very crucial role they are playing in the sustainable growth of the oil industry.”

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