VOL. XL No. 1621-April-1997


Bahrain Allocates $50Mn for Upgrading OfBapco Refinery In 1997

Following the formal takeover last week by the Bahrain Government of Caltex's40% interest in the Bapco refinery (MEES, 24 February and 14 April), the BahrainMinister of Oil and Industry, Shaikh 'Isa bin 'Ali Al Khalifah, stated on 13April that the government has decided to allocate $50mn in 1997 for theupgrading of the 250,000 b/d refinery.