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State-run oil company Bahrain Petroleum Co (Bapco) has completed financing its refining capacity expansion plans. Expansion is expected to be completed by 2022 and will increase the company’s refining capacity from 267,000 bpd to 380,000 bpd. According to Reuters, the financing has exceeded $4 billion and is to include five export credit agencies and a syndicate of 21 commercial banks.

Bahrain’s Bapco to Expand Its Refining Capacity

State-run oil company Bahrain Petroleum Co (Bapco) has completed financing its refining capacity expansion plans. Expansion is expected to be completed by 2022 and will increase the company’s refining capacity from 267,000 bpd to 380,000 bpd.

According to Reuters, the financing has exceeded $4 billion and is to include five export credit agencies and a syndicate of 21 commercial banks.

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