BMI View: Bahrain has a slowly declining and small oil production base, though, according to a recent report by the Bahrain Economic Development board, the country plans to invest US$15bn in the oil and gas sector over the next 30 years as it plans to increase its oil production to 100,000 barrels per day (b/d) before the end of 2020. However, the biggest attention in terms of investment is firmly on the downstream, where Bahrain Petroleum Company (BAPCO) is planning to increase the capacity of the Kingdom’s centrepiece Sitra refinery by approximately 100,000b/d – from 262,000b/d to around 362,000b/d. Other …
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