Bahrain state firm Bapco Energies announced on 11 August the finalization of a $500mn financing deal with the US Export-Import (Exim) bank.
Bapco says the funds will go towards the $4.2bn Bahrain Field Oil and Gas Development Expansion Program. Current output from the Bahrain Field, the kingdom’s only current producer, is 2.6bn cfd gas and 40,000 b/d (Bahrain is also entitled to 50% output from Saudi Arabia’s Abu Safah field). (CONTINUED - 751 WORDS)
