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FinancialNews
10-10-18
Saudi-Bahrain oil pipeline new phase commences
(MENAFN) Saudi Aramco unveiled alongside the Bahrain Petroleum Company (BAPCO) the launch of the new phase of the Saudi-Bahrain crude oil pipeline: the AB-4 pipeline.
The pipeline project is looking to meet the increasing energy demand witnessed in Bahrain, Saudi Aramco explained.
The Saudi oil company confirmed that the pipeline is to have a transportation capacity of as much as 350,000 barrels of crude oil a day.
The new phase of the pipeline is to cover three stages which, including a 42-kilometres onshore Saudi segment, a 28-kilometres Bahrain onshore segment, and a 42-kilometres offshore segment.
Acting executive head of pipelines distribution & terminals Abdullah M. Mansour stated: "the commissioning of the AB-4 pipeline is another chapter in the special relationship between Saudi Aramco and BAPCO in several aspects including the energy sector that has flourished for more than 73 years and beyond."
MENAFN1010201800450000ID1097549127
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