UAE's BPGIC leases oil storage tanks to France's Total in Fujairah - sources - Reuters:
Brooge Petroleum and Gas Investment Co (BPGIC) has leased oil storage facilities in the United Arab Emirates to France’s Total, industry sources familiar with the matter said, as global crude storage rapidly fills up.
The company is leasing six storage tanks in the UAE emirate of Fujairah for six months and this could be renewed for another six months, one of the sources said.
The tanks, which store oil products, have already received initial cargoes, two of the sources said.
BPGIC and Total did not respond to a request for comment.
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