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FINANCIAL NEWS
Bahrain’s Bapaco awards Chevron Lummus 82m deal
23 Sep 2014
(MENAFN) Bahrain Petroleum Co. (Bapco) announced awarding USD82.8 million contract to Chevron Lummus, US company, for the construction of a residue hydrocracker at the company’s oil refinery within the company’s plans to expand its output capacity, Emirates 24/7 reported.
The project involves updating and changing 17 refinery units, with a value of between USD250 million and one billion each.
The contract marks the second deal to be awarded by Bapco in a week within the refinery expansion plans, after awarding a FEED contract to Italy’s Technip for the upgrading of its refinery from around 267.000 bpd to more than 400.000 bpd.
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