Bahrain refinery expansion project ‘to cost $5 billion’

Bahrain’s Sitra crude oil refinery expansion is expected to cost around $5 billion with the completion by 2019, the energy minister said yesterday.

He went on to say ‘The increase in capacity according to the current plan is from 260,000 barrels per day to 360,000 and it will be commissioned by 2019. Financing will be through borrowing, we haven’t finalised this yet.’

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