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...