VOL. XLI

No. 30

27-July-1998

BAHRAIN

Bahrain's Higher Petroleum Council Approves $400Mn BAPCO Refinery ModernizationProject

The Bahrain Higher Petroleum Council on 18 July approved a $400mn project for themodernization of the 250,000 b/d Bahrain Petroleum Company (BAPCO) refinery which willtake four years to complete. The 62-year old refinery at Awali is 100% owned by theBahrain Government, which purchased Caltex's 40% share in April 1997 (MEES, 14April 1997). The project - which has been under...