UPDATE 1-UAE's BPGIC to expand storage capacity, refinery operations - Reuters:
The United Arab Emirates’ Brooge Petroleum and Gas Investment Co (BPGIC) plans to boost crude oil storage capacity and expand refining facilities after managing to lease additional land in the bunkering hub of Fujairah, the company said on Thursday.
“BPGIC expects that ... could add storage and services capacity of ... 3.5 million cubic metres,” it said in a statement.
That amount is in addition to existing storage capacity of 1 million cubic metres across about 22 tanks for crude and oil products, BPGIC added.
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