Bahrain plans to commission its expanded oil refinery by early 2023, allowing it...
DUBAI - Bahrain plans to commission its expanded oil refinery by early 2023, allowing it to sell and trade more petroleum products in the Gulf region and Asia, the chief executive of state-owned oil company Bapco said.
Bapco currently receives 220,000-230,000 bpd of crude from state oil company Saudi Aramco and will import the same volume during the refinery’s expansion, with commissioning scheduled for late 2022 or early 2023, Bartlett said. “Aramco and Bapco are strong partners and so our purchases of feedstock are unaffected by what OPEC is doing in terms of managing its own sales,” Bartlett said when asked whether Saudi exports to Bahrain would be affected by OPEC-led supply cuts.
“We will be looking to develop off-take arrangements and sale arrangements further but our core markets will remain within the greater GCC and increasingly we will find ourselves competing for opportunities in Asia.” “We have been actively working with a number of export credit agencies and commercial banks ... We’re on the cusp of concluding the financing arrangements.”
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