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BROG

Brooge Energy

$9.60 /

+0.27 (+2.89%)

08:54
08/06/20
08/06
08:54
08/06/20
08:54

Brooge Energy commences hydrotesting for Phase II storage facility expansion

Brooge Energy announced it has commenced hydrotesting for its Phase II storage facility expansion, an important milestone that signifies the advanced stage of the terminal's development. With the commencement of all the necessary hydrotests, the development of the Phase II facility has now entered into some of the testing stages required of the construction process. Hydrotesting is considered a major milestone of this process confirming the tank integrity. Once Phase II construction is finalized, the facility will increase the Company's total geometric oil storage capacity to approximately 1 million m3 or 6.3 million barrels, from its current geometric capacity of approximately 400,000 m3, or 2.5 million barrels, and also enables the Company to offer crude oil storage using some of the latest technology to enhance Company performance and operational efficiency.

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