Saudi Aramco and Bahrain Petroleum Co. (Bapco) are set to sign a deal Thursday to begin construction of a $300 million pipeline between Saudi Arabia and Bahrain to supply Bapco’s refinery with crude oil, Al-Wasat newspaper quoted Bahrain energy minister Abdulhussain Mirza as saying.
Mirza said the pipeline project would be built in three phases, with the first phase in Saudi Arabia, second between the kingdom and Bahrain, while the third one would be inside Bahrain.
The 115-km pipeline will run 42 km offshore and 73 km onshore, and will replace the current aging crude oil pipeline. The pipeline will run between Aramco’s Abqaiq plant and Bapco’s Sitra refinery off the coast of Bahrain.
Bahrain currently imports 230,000 barrels of oil per day from the kingdom.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}