modernisation programme, estimated to cost a total of $5 billion, is on track for completion in 2022, Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa has said.
Addressing delegates today during the opening of the Middle East Refining Technology Conference (MERTC) in the Ritz-Carlton, Bahrain, the minister said the $4.2bn engineering, procurement, construction and commissioning turnkey contract was awarded last month to a joint venture led by TechnipFMC.
The programme entails the expansion of the capacity of the existing Sitra oil refinery from 267,000 up to 360,000 barrels per day besides improving energy efficiency, valorisation of the heavy part of the crude oil barrel (bottom of the barrel), enhancing products slate and meeting environmental compliance.
The minster also said Bahrain is looking for more partners to develop the Bahrain oilfield, which was exited by Mubadala and Occidental Petroleum in 2016.
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