Article length: 186 words
Bahrain: Bapco secures financing for refinery expansion
State-owned Bahrain Petroleum Company (Bapco) has completed a large fund-raising programme – believed to amount to more than $4bn – which will be used to finance the expansion of its refinery from its current capacity of 267,000 b/d to 380,000 b/d. Five export credit agencies and a group of 21 regional and international banks were involved in the financing. BNP Paribas, HSBC Middle East and Verus Partners acted as advisers on the deal.
Credit value: 1