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Friday, May 30, 2008

Bahrain to invest $2 billion in refinery/production upgrade

ABU DHABI — Bahrain intends to expand oil refinery capacity, government energy officials say.

The Gulf Cooperation Council kingdom plans to augment capacity of its Bapco refinery, with five crude distillation units. Under the plan, the refinery would reach a capacity of 360,000 barrels of oil per day, up from the current 260,000. "The next phase of investment will cost more than $2 billion," Bahraini Energy Minister Abdul Hussein Al Mirza said on May 25. "Some units at the plant are old and need upgrading."

Also In This Edition

Al Mirza said the project would be completed by 2016. He said Bahrain hopes to receive additional crude oil from neighboring Saudi Arabia. Manama receives 220,000 barrels of Saudi oil per day.
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