Middle East Economic Survey
VOL. XLVIII
No 1
3-January-2005
BAHRAIN
BAPCO/Fortum Study Lube Base Oil Project
Bahrain Petroleum Company (BAPCO) has signed a memorandum of understanding with Finlands Fortum to conduct a joint feasibility study into the development of a high quality lube base oil unit at the Sitra refinery, MEES learns. The planned unit, with capacity of around 10,000 b/d, would cost in the region of $175mn. If the feasibility report is positive the two firms will form a joint...
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