VOL. XXXVIII

NO. 27

3-APRIL-1995

Oil Prices

Bahrain

Balexco Awards $10Mn Contract To German Firm For Expansion Project

The Bahrain Aluminum Extrusion Company (Balexco) the Bahrain-basedjoint-venture firm owned 45% by the Bahrain Government and 55% by privateinvestors, mainly from Bahrain and Saudi Arabia on 30 March signed acontract worth BD3.8mn ($10mn) with the German firm SMS Hasenclever for theconstruction of the company's third production line which will raise thecapacity of its plant from...