Friday, 20 September 2013

Bahrain Refinery Expansion to Be Completed in 2019, CEO Says - Bloomberg

Bahrain Refinery Expansion to Be Completed in 2019, CEO Says - Bloomberg:

"Bahrain Petroleum Co. expects to complete in 2019 an upgrade of its only refinery that will increase its processing capacity by 35 percent, Chairman and Chief Executive Officer Adel al-Moayyed said.
Bapco, as the company is known, plans to start work on upgrading the Sitra refinery in 2015 to boost its capacity to 360,000 barrels a day from 267,000 barrels currently, he said by phone yesterday.
Bapco, and Saudi Arabian Oil Co., or Saudi Aramco, are in final stages of approving work on enlarging a pipeline that carries Saudi light crude to Sitra refinery by 120,000 barrels a day to 350,000 barrels to feed the expansion, he said. The two companies are expected to sign the contract for the pipeline work by the end of this year, and complete that project in 2017, he said."

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