VOL. XXXVI

NO. 8

23-NOVEMBER-1992

BAHRAIN

Bahrain National Gas Company Posts 14% Increase in Net Profits in 1991

The Bahrain National Gas Company (Banagas) - a joint venture owned 75% by theBahrain Government and 12.5% each by Caltex and the Arab Petroleum InvestmentsCorporation (Apicorp) - posted a net profit of $41mn in 1991, a 13.9% increaseover profits of $36mn in 1990, according to a company statement released on 18November.

Banagas operates a gas liquefaction plant to process associated gas...