Middle East Economic Survey

VOL. XLVIII

No 34

22-August-2005

BAHRAIN

Bapco And Neste Oil To Proceed With Planned Lube Base Oil Project

Finlands Neste Oil announced on 18 August that agreement had been reached with Bahrain Petroleum Company (Bapco) to proceed with plans for a joint venture to produce lube base oil at the Sitra refinery. Late last year, Bapco signed a memorandum of understanding with Finlands Fortum to conduct a joint feasibility study into the project (MEES, 3 January). Fortum and...