3rd QUARTER 2019 – We, Midgard Holding Ltd are launching our Petroleum Trading Platform, Tank Farm with +/- 834,000 m³ Bunkering Capacity and waste oil refinery projects in Fujairah.
MIDGARD Holdings Ltd. (MHL), a company incorporated under the laws of Mauritius (Reg.No.: 115750, FSC License No.: C213020001) has passed compliance with a reputable funder who will be financing our projects in UAE.
In order to be in accordance to the laws of Fujairah, we have incorporated a company in the Freeport of Fujairah, namely MIDGARD Oil Hub LLC FZC (MOH) (Reg. No. 19-FZC-1912 – License No. 4133) – Petroleum Trading Company – and are
in the process to incorporate MIDGARD Oil & Gas LLC FZC (MOG) – Tank Farm and Refinery operator – with the Freeport of Fujairah. We intend to bank with Abu Dhabi Islamic Bank, branch of Fujairah (UAE) as per the request of our funder.
A plot of land has been identified and reserved for MIDGARD Oil & Gas LLC FZC with the extent of 106,737.2 m² for the construction and operation of a tank farm storage facility and a waste oil refinery (phase 1). In direct neighborhood another
50. – 60.000 m² can be added in a phase 2 for the extension with further crude oil storage tanks.
As Fujairah is geopolitically the perfect location (supply side and access to markets) to construct and operate a tank farm & waste oil refinery, MOH + MOG wish to establish this project in Fujairah (UAE).
MHL, MOH and MOG are free of any loans and up to now have been fully funded by its shareholders.
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