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FINANCIAL NEWS
Bahrain’s Bapco plans big refinery expansion
16 Jun 2016
(MENAFN) Bahrain Petroleum Company (Bapco), A State-run firm, has initiated bidding to expand its Sitra oil refinery, industry sources report.
The big expansion is set to cost nearly USD5 billion and It aims to increase processing capacity to 360,000 barrels per day from its current 267,000 bpd.
Bapco said last year it would make a final decision on whether to expand its Sitra oil refinery in 2016.
Bapco has announced some of companies that are planning to submit bids: Japan’s JGC Corp and South Korea’s GS; Technip, Daewoo E&C; and CB&I and Petrofac.
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