Brooge Petroleum & Gas

What Brooge Petroleum & Gas does

Brooge Petroleum and Gas Investment Company FZE (BPGIC) is an independent midstream energy infrastructure operator headquartered at the Fujairah Oil Industry Zone (FOIZ) in the United Arab Emirates, providing bulk liquid storage and refining services to oil majors and energy traders. As of its June 2026 acquisition, BPGIC operates a multi-phase facility with combined storage capacity of 1,001,388 CBM distributed across specialized tank farms covering crude oil (107,765 CBM), crude oil/fuel oil (42,558 CBM), gas oil/fuel oil (41,500 CBM), gas oil/marine gas oil (30,500 CBM), chemical services (12,400 CBM), and MTBE. The terminal operates at a 16,000 M3/Hour flow rate with side-entry mixing, heating, and blending capabilities across product lines, and is ISO 9001, ISO 14001, and ISO 45001 certified.

The company generates revenue primarily through multi-year tank rental contracts (subscription/recurring model) priced on tank size, product type, duration, and value-added services, with a complementary transaction-based revenue stream emerging from Phase 3 refinery output. Phase 3, currently in front-end engineering design, is a $300-350 million naphtha refinery with 15,000 barrels-per-day capacity producing Euro 5-compliant gasoline, 95-octane gasoline, and low-sulfur diesel, with 10-year offtake secured by Fujairah. The business is geographically concentrated in the UAE with a strategic location outside the Strait of Hormuz serving both regional bunkering and international export demand.

In June 2026, Gulf Navigation Holding (GULFNAV) completed its acquisition of BPGIC and rebranded the combined entity as Etihad Energy Holding, which now trades on the Dubai Financial Market under the ticker ETIHADENERGY. This created an integrated energy infrastructure and logistics platform combining maritime shipping and tankage/refining operations, and BPGIC continues to operate as the storage and refining subsidiary within the new parent structure. No external institutional funding rounds are disclosed in the available sources.

Name

Brooge Petroleum & Gas

Legal name

Brooge Petroleum and Gas Investment Company FZE

Website

https://bpgic.com

Company type

Private

Founded year

2018

Operating status

Acquired

Headcount range

51–100 employees

Short description

Brooge Petroleum and Gas (BPGIC) is an independent midstream oil storage and refining operator based in Fujairah, UAE, serving oil majors and energy traders with over 1 million CBM of tankage and a forthcoming 15,000 bpd naphtha refinery; acquired in June 2026 by Gulf Navigation Holding and rebranded as Etihad Energy Holding.

Ownership category

akta.pro rank

Product category

Oil Storage and Terminal Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum Bulk Stations and Terminals (42471), Petroleum Refineries (32411), Pipeline Transportation of Refined Petroleum Products (48691)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro industry

PRIMARYEUALAEAB

Refined Products Terminals (Gasoline, Diesel, Jet, Heating Oil)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Midstream Storage & Terminals (Tank Farms, Caverns, LNG Terminals)

SECONDARYEUALAEAA

Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Midstream Storage & Terminals (Tank Farms, Caverns, LNG Terminals)

SECONDARYEUALAEAL

Hazardous Liquids & Specialty Chemical Terminals (Methanol, Solvents, Sulfur)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Midstream Storage & Terminals (Tank Farms, Caverns, LNG Terminals)

SECONDARYEUALAGAK

Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Refining & Processing (Crude, Condensate & NGL Refining)

Keywords

• Bulk liquid storage
• Oil storage terminal
• Tank farm services
• Petroleum product storage
• Energy infrastructure services

Headquarters

HQ city

Fujairah

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Oil Storage Tank Leasing: Provides bulk liquid storage facilities to oil majors and energy traders with tank rental services. Revenue generated through long-term and short-term storage contracts.
2. Refined Petroleum Product Sales: Phase 3 refinery operations converting naphtha into Euro 5-compliant gasoline, 95-octane gasoline, and low-sulfur diesel for domestic consumption and export

Pricing tiers

Distribution channels2 records

Marketing channels3 records

Core offering

Brooge Petroleum and Gas Investment Company (BPGIC) operates bulk liquid storage terminals in Fujairah, UAE under Phase 1 and Phase 2, offering tank rental services to oil majors and energy traders for crude oil, refined fuel products, and specialty chemicals with heating, blending, and mixing support. The company is developing Phase 3, a 15,000 barrels-per-day naphtha refinery that will produce Euro 5-compliant gasoline, 95-octane gasoline, and low-sulfur diesel for domestic and export markets under a 10-year Fujairah supply agreement.

Product overview

BPGIC operates as a leading independent oil refinery and storage company with a multi-phase facility in Fujairah, UAE. The company offers bulk liquid storage services across Phase 1 and 2 terminals, while developing Phase 3 as a naphtha refinery. Storage capabilities include dedicated tank farms for crude oil, fuel oil, gas oil, marine gas oil, MTBE, and chemical products, each with specific capacities and services such as heating, blending, and mixing. The facilities provide 16,000 m³/hour flow rate and combined storage capacity of over 1 million CBM. The company was acquired by Gulf Navigation Holding in June 2026 and rebranded as Etihad Energy Holding.

Differentiator

Problem solved

Functional benefit

Products and services

• BPGIC Phase 1 & 2 Bulk Liquid Storage Terminals Bulk liquid storage terminals offering tank rental services for crude oil, refined fuel products, and specialty chemicals with heating and blending capabilities, serving oil majors and energy traders from the Fujairah FOIZ site.
• BPGIC Phase 3 Naphtha Refinery New 15,000 barrels-per-day naphtha refinery under development to convert naphtha into Euro 5-compliant gasoline, 95-octane gasoline, and low-sulfur diesel for domestic UAE consumption and international export.
• Tank Lease Services Rental inquiry service for tank storage capacity, allowing customers to lease storage tanks for bulk liquid and oil products at the Fujairah terminal.

Quantifiable outcome

• Combined storage capacity of 1,001,388 CBM for crude and refined fuel products
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Etihad Energy Holding (formerly Etihad Energy Holding's new Fujairah refinery)coreStrategic or Co-development Partner10-year supply agreement where Fujairah purchases gasoline produced at Etihad Energy Holding's new Fujairah refinery. The refinery is currently in front-end engineering design phase with processing capacity of 15,000 barrels per day, converting naphtha into Euro 5-compliant gasoline, 95-octane gasoline, and low-sulfur diesel.
• VTTIminorOthersPart of Fujairah's oil storage and bunkering cluster - one of the major operators in the region alongside other international and UAE state-owned entities
• ENOCminorOthersPart of Fujairah's oil storage and bunkering cluster - one of the major operators in the region alongside other international and UAE state-owned entities
• Vopak HorizonminorOthersPart of Fujairah's oil storage and bunkering cluster - one of the major operators in the region alongside other international and UAE state-owned entities
• ADNOCminorOthersPart of Fujairah's oil storage and bunkering cluster - Abu Dhabi National Oil Company subsidiary operating in the region

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• VTTI (Vitol Tank Terminals International): VTTI is a global independent tank storage company co-located in the Fujairah Oil Industry Zone alongside BPGIC. Both operate crude and refined product tank farms serving oil majors and traders, with similar product mix and customer base in the same regional cluster.
• Royal Vopak (Horizon Terminals JV): Vopak is the world's largest independent tank storage operator and operates Horizon Terminals in Fujairah. BPGIC competes directly for oil major and trader tenancy in the same FOIZ location with similar bulk liquid storage offerings.
• Advario (formerly HES International / Hoyer): Advario is a global independent tank storage and terminals company with a focus on chemicals, gas, and oil products. It is a direct peer to BPGIC in the independent midstream storage space, with comparable product mix (crude, refined products, chemicals) and customer base of traders and majors.
• Horizon Terminals (Vopak / ENOC JV): Horizon Terminals is a Vopak / ENOC joint venture operating the largest independent storage facility in Fujairah. It is a direct co-located peer to BPGIC in the FOIZ cluster, offering crude and product storage to the same oil major and trader customer base.

Broad incumbents

• ENOC (Emirates National Oil Company): ENOC is a UAE state-owned integrated energy company that operates storage and bunkering assets in Fujairah. It is a broader incumbent — covering upstream to retail — but its Fujairah terminal directly competes with BPGIC for storage and bunkering customers.
• ADNOC Logistics & Services (ADNOC L&S): ADNOC L&S is the logistics arm of Abu Dhabi National Oil Company, operating marine, storage, and shipping assets including in Fujairah. As a state-backed broad incumbent with deep capital reserves, it competes with BPGIC in regional midstream storage and is a strategic neighbor in the FOIZ cluster.
• Oiltanking (MOL Group): Oiltanking is one of the world's largest independent tank storage operators, part of MOL Group. While not specifically in Fujairah, it is a direct global comparable to BPGIC's bulk liquid storage business model, serving similar oil major and trader customers with similar tank lease economics.
• Puma Energy: Puma Energy is a global midstream and downstream energy company with significant storage and bunkering operations, particularly in emerging markets. It is a broad incumbent comparable to BPGIC's bulk storage plus refined product distribution model, with overlapping customer segments in trading and bunkering.

Regional players

• International Petroleum Investment Company (IPIC / Mubadala): Mubadala's IPIC-related entities have historically invested in midstream and downstream oil infrastructure in the UAE and abroad. It is a regional capital and operating peer relevant to the Fujairah storage and refining ecosystem in which BPGIC operates.
• Arteche Gulf FZE / Specialized regional tank storage operators: Specialized regional energy infrastructure providers operating in the UAE and broader Gulf support BPGIC's ecosystem. While not a direct storage peer, such regional engineering and infrastructure firms are comparable midstream ecosystem participants in the same FOIZ-adjacent market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BPGIC_FZE
• LinkedInlinkedin.com/company/bpgic

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brooge Petroleum & Gas