The studies, which are expected to be completed within three months, will develop all necessary technical definition, cost and schedule estimates for the proposed Phase III facility. Brooge Energy believes that, upon completion, the Phase III facility can add an additional storage capacity ranging from 2,100,000 m³ up to 3,500,000 m³ of fuel oil, clean products and crude oil. 3,500,000 m³ equates to approximately three and half times the size of its projected post-Phase II capacity of 1,000,585 m³. The Company also aims to include a refinery of up to 180,000 bpd. The layouts and refining capacity are expected to be finalized upon FEED Study completion.