Bapco Nears Sitra Decision Time
State-owned Bahrain Petroleum Company (Bapco) has narrowed expansion options for its 267,000 b/d Sitra refinery to two, MEES understands. A more modest scenario envisages an expansion in distillation capacity to 330,000 b/d, at a cost of $5-6bn. While a more ambitious expansion plan is looking at eventual Sitra capacity of 450,000 b/d, and comes with a $8-9bn price tag.
Financing is a prime constraint and Bapco...
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