Bpgic signs three new oil storage contracts for its phase i facility at 50% premium, driving further margin expansion

New york, dec. 07, 2020 (globe newswire) -- brooge energy limited (“brooge energy” or the “company”) (nasdaq: brog), and its wholly-owned subsidiary brooge petroleum and gas investment company fze (“bpgic”), a fujairah free zone entity in the oil storage and services business, announced today that bpgic has signed offtake contracts with three regional oil trading companies for total geometric storage capacity of 129,000 cbm at a 50% premium to previous contracts.
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