The Board of Gulf Navigation, the Dubai-based shipping group, has approved key strategic terms related to the acquisition of Brooge Energy, which operates oil, fuel oil and refined products storage facilities in Fujairah, taking the deal an important step closer to conclusion. The decision progresses the company’s plan to develop an integrated portfolio of logistics services related to oil, gas and petrochemical products.
Brooge has a capacity of around 1 million m3 of crude oil and oil...
https://www.themaritimestandard.com/gulf-navigation-progresses-brooge-energy-deal/