Wednesday, 30 January 2013

Bahrain Oil and Gas Market Report Q1 2013

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Bahrain Oil and Gas Report Q1 2013
Jan 30th 2013, 00:00

BMI View: Bahrain has a slowly declining and small oil production base, and there is little it can doremedy this situation. This means the onus in terms of investment is firmly on the downstream, whereBahrain Petroleum Company (BAPCO) is planning to increase the capacity of the kingdom''s centrepieceSitra refinery - from 267,000b/d to around 450,000b/d. For this expansion plan to proceed, Bahrain willneed to gain access to financing of more than US$6bn, which will be a significant hurdle. Other plansenvisage the construction of a LNG receiving terminal, although this is still a long way from realisation.For the moment, the government will focus its efforts on upgradin...

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