Bahrain will make a final decision on whether to expand its only oil refinery next year, a senior oil executive said, predicting that falling crude prices and growing refining capacity in the region would squeeze product margins.
Nine global technology firms have been shortlisted for a $1.2 billion EPC contract to undertake the expansion of Oman’s flagship refinery at Sohar, said a project official at Oman's oil and gas ministry.
Oman was looking
Arab Petroleum Investments Corporation (Apicorp) is looking at involving itself with Bahrain's $8 billion refinery expansion master plan, said its general manager and chief executive.
Ahmad Al Nuaimi said the company was working with t
Bahrain's plans to add 100,000 barrels per day (bpd) of new refinery capacity to its Bapco plant at a cost of over $2 billion, the country's minister of oil and gas affairs Abdul-Hussain bin Ali Mirza said.
The island kingdom's only refine