Saudi-Bahraini $300 mln pipeline project to complete this year, says minister

07/06/2018 Argaam

 

Bahrain's oil minister, Sheikh Mohammed bin Khalifa Al Khalifa, expected the $300 million pipeline project between Saudi Arabia and Bahrain to complete this year, Al-Eqtisadiah newspaper has reported.

 

In 2015, Saudi Arabian Oil Co. (Saudi Aramco) and Bahrain Petroleum Co. (Bapco) signed a deal to begin construction of a $300 million pipeline between Saudi Arabia and Bahrain to supply Bapco’s refinery with crude oil.  

 

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.

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