FINANCIAL NEWS

Saudi, Bahrain to construct oil pipeline

25 May 2014

(MENAFN) Saudi Arabia and Bahrain are expected to sign construction contracts for a new crude oil pipeline between them, according to Gulf Daily News.

It was announced that the front-end engineering and design (FEED) for the pipeline has been completed.

The project is expected to cost USD350 million and to be completed by the third quarter of 2016.

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