Brooge Energy Ltd. Oil Storage Terminal Infrastructure Proves Outstanding Against Unprecedented Floods in Fujairah
08 Agosto 2022 - 3:30PM
Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman
Islands-based infrastructure provider, which is currently engaged
in clean petroleum products and biofuels and crude oil storage plus
related services, in addition to the planned expansion of its
infrastructure into green hydrogen and green ammonia productions,
today announced that the floods in the Port of Fujairah did not
affect its facilities and they are secure. Brooge Energy's
strong management team and technologically advanced infrastructure
has secured the oil storage facilities, which are proving to be one
of the highest technologically advanced units in the
world.
Brooge Energy's senior management team provided
world class guidance and navigation on a 24/7 basis during the
flooding. Working in coordination with Fujairah Authorities, the
Company provided safety and security of its valuable assets, which
secured the facilities from damage.
The Company said: "Fujairah is experiencing
unprecedented floods, which the region has not seen in over 25
years. Our management team has worked diligently through the
storm, and we are proud to say that our facilities and the
infrastructure is secure. With oil storage in high demand in
the region, we are proud that our facilities have been able to
withstand the impacts from this unusual weather, which we believe
provides another competitive advantage for customers and their
storage needs. We are extremely grateful for the support and
coordination with the authorities of the Emirates of Fujairah,
which is a huge part of our success story."
About Brooge Energy Limited
Brooge Energy Ltd, is a Cayman Islands-based infrastructure
provider now intending to focus on renewable energy infrastructures
and biofuels, next to clean petroleum products, crude oil storage
and related services. The Company conducts its business and
operations through its subsidiaries Brooge Renewable Energy, Brooge
Petroleum and Gas Investment Company FZE, and Brooge Petroleum and
Gas Investment Company Phase 3 FZE (BPGIC). BPGIC, the Company’s
primary operating subsidiary that focuses on midstream oil storage
and other services, is strategically located outside the Strait of
Hormuz at the Port of Fujairah in the Emirate of Fujairah in the
UAE. The Company differentiates itself from competitors by
providing customers with fast order processing times, excellent
customer service and high accuracy blending services with low
product losses. For more information, please visit at
www.broogeenergy.com.
Forward-Looking StatementsThis
press release contains statements that are not historical facts,
including the Company’s anticipated expansion towards green
hydrogen and green ammonia productions and constitute
“forward-looking statements” within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such statements reflect management’s current views based on
certain assumptions, and they involve risks and uncertainties.
Actual results, events or performance may differ materially from
the forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors, including
availability of labor and other resources needed to for completion
of a new green hydrogen and ammonia plant, timing of obtaining
regulatory approvals needed with respect to the new facility, the
Company’s ability to complete construction and initiate operations
of the new facility on the anticipated timeline or at all, the
Company’s ability to maintain the lease for the new facility, and
other risks described in public reports filed by Brooge Energy with
the U.S. Securities and Exchange Commission. Forward-looking and
other statements in this press release regarding our environmental
and other sustainability plans and goals are not an indication that
these statements are necessarily material to investors or required
to be disclosed in our filings with the U.S. Securities and
Exchange Commission. In addition, historical, current, and
forward-looking environmental and sustainability-related statements
may be based on standards for measuring progress that are still
developing, internal controls and processes that continue to
evolve, and assumptions that are subject to change in the future.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Brooge Energy does not undertake any obligation to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Investor Contact KCSA Strategic
CommunicationsValter Pinto, Managing Director+1 212-896-1254
BROG@kcsa.com
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