VOL. XL

No. 8

24-February-1997

BAHRAIN

Caltex To Sell Its 40% Stake In BAPCO To Bahrain Government

Caltex Petroleum Company of the US - the joint venture between Texaco and Chevron - has agreed to sell its 40% interest in the 250,000 b/d Bahrain Petroleum Company (BAPCO) refinery located at Sitra to the Bahrain Government (which holds the remaining 60% interest) with effect from 1 April, according to a statement on 19 February by the Minister of Petroleum and Industry, Shaikh 'Isa bin 'Ali Al...