Twelve Seas Investment Company(BROG)

Description: Established in 2013, BPGIC is an independent oil storage provider, strategically located in the Emirate of Fujairah within the UAE. The Port of Fujairah is one of the most attractive storage hubs and a key strategic trading node globally. BPGlC's terminals are award winning state-of-the-art facilities and offer the industry’s most advanced technologies, ensuring the highest level of service to clients. BPGIC’s current terminal is located at a prime location in close proximity to the Port of Fujairah’s berth connection points. BPGIC is developing terminals in phases and aims to have a total capacity of 1 million m^3 following the completion of the second phase of construction. Phase I commenced operations in January 2018 with 0.4 million m^3 of capacity. The terminals are capable of storing fuel oil and clean products. Phase II is currently under construction and expected to be operational in late Q2 or early Q3 in 2020. Upon completion of Phase II, there will be total capacity of 0.6 million m^3, and capability to store crude oil, fuel oil and clean products. The design of Phase II will enable efficient loading and unloading of VLCC vessels (very large crude carriers). The Company also focuses on value added services to its customers including: Blending, Heating, Inter-bank transfer and throughput transfer. BPGIC is fully compliant with current environmental standards. Since commencement of operations, BPGIC has had an impeccable safety and environmental track record. BPGIC is ISO 9001, ISO 14001 and OHSAS 18001 certified and is IMO 2020 compliant.

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Keywords: Bank Petroleum Crude Oil Fuel Oil Oils Oil Storage United Nations Large Crude Carrier Q2 Pgi

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Home Page: broogeenergy.com

BROG Technical Analysis

PO Box 50170
Fujairah,
United Arab Emirates
Phone: 971 9 201 6666

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Officers

Exchange: NASDAQ

Country: US

Currency: US Dollar ($)