The shareholders of Gulf Navigation Holding (GulfNav) have approved the acquisition of the assets and companies owned by tank storage specialist. Brooge Energy, including Brooge Petroleum and Gas Investment Company (BPGIC). The deal reflects GulfNav’s strategy of expanding its storage and logistics capabilities to complement its shipping operations.
Brooge Energy operates facilities for the storage of fuel oil, crude oil and petroleum products within the UAE. GulfNav plans to expand the storage...
https://www.themaritimestandard.com/gulfnav-approves-brooge-energy-acquisition/