Brooge Energy owns and operates an oil storage terminal at the Port of Fujairah in the UAE, serving oil traders and energy industry customers. The terminal stores fuel oil, crude oil, and clean petroleum products including gas oil, naphtha, kerosene, and gasoline. Beyond storage, Brooge Energy offers value-added services including blending, heating, throughput, and inter-tank transfers. The terminal currently has roughly 1 million m3 of total capacity across two completed phases. Revenue comes from two streams: fixed take-or-pay monthly storage fees, which provide predictable recurring revenue, and variable ancillary service fees charged per-m3 or per-hour for blending and other services. The company holds 60-year land leases, which it argues allows it to build with higher-grade materials, reducing long-run maintenance costs. Brooge Energy is expanding through a Phase III buildout that could add up to 3.5 million m3 of additional capacity adjacent to the existing terminal, potentially combined with a large-scale refinery. The company also plans a smaller 25,000 b/d modular refinery at the existing terminal, operating on a tolling fee basis to avoid commodity price exposure. A separate subsidiary, Brooge Renewable Energy, is in early planning stages for a green hydrogen and green ammonia project, though it has not yet reached a final investment decision.
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