Blue Ocean Energy Modular Refinery Project
Construction of a modular refinery with capacity of 25,000 barrels per day (bpd).
Project Overview
 Ref No |
WPR8090-U |
|---|---|
 Country |
Northern Emirates |
 Total Participant |
1 |
 Ownership Type |
Partnership |
 Status |
New Tender |
 Sectors |
|
Timeline Updates
- 26th
JulyBrooge Energy Ltd. has signed an agreement to sublease land to Blue Ocean Energy FZE on this project. Blue Ocean Energy will be responsible for building the refinery and financing the cost of construction. Brooge will then be responsible for operating the refinery, earning revenue from tolling fees on a take-or-pay basis. The deal between the two firms includes a tolling contract of 20 years, consisting of a five-year contract to commence upon completion of the construction of the refinery, and three renewal periods of five years each and will be focused on producing VLSFO and will be fully compliant with the new IMO 2020 very low sulphur rule.
- 02th
NovemberThe project is still in the conceptual stage.
- 15th
JulyThe project is currently in design stage.
February
17
2024
Saturday
LAST UPDATED
Important Dates
| Project Activity type | Date |
|---|---|
| Contact awarded to - | Login to access |
| Main Contractor | |
| Project Stage - | Login to access |
| Under Construction | |
| Scheduled - | Login to access |
| Completion date |
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