By SUMMER SAID
ABU DHABI -- State-run companies Bahrain Petroleum Co., or
Bapco, and Saudi Arabian Oil Co., or Saudi Aramco, have decided
to go ahead with a project to replace, upgrade, and
change the path of a pipeline that links Saudi oil fields to
Bahrain's only refinery, a person familiar with the
matter said Wednesday.
The project will up the capacity of the
pipeline, opened in 1945, to 350,000 bpd of oil from 230,000
bpd, the person said.
The project is part of the strategy of
Bahrain's National Oil and Gas Authority to develop the
country's oil and gas sector.
Dow Jones Newswires