Bahrain is considering increasing its refining capacity over the next five years, by building the first private refinery in the country, according to Abdulhussain Mirza, Bahrain Oil and Gas Affairs Minister.
“Steps have already been taken to make this possible,” Mirza said after opening the Petrotech exhibition. “Bahrain will have a lot of oil supplies in the next few years and this will entail not only the capacity of Bapco being augmented but also setting up another refinery,” he added.
“An expansion at Bapco is on the cards but we may also look at new refinery in the private sector,” he revealed.
A new pipeline from Saudi Arabia will be ready next year increase oil supply from current 240,000 to 350,000 bpd. Plus the development of Bahrain field that will increase output to 100,000 bpd as opposed to 32000 bpd now, he said.
Bahrain’s current refining capacity stands at 267,000bpd and it process 85% of Saudi Arabia crude.