PARIS, Sept. 16 (UPI) -- French engineering company Technip said Tuesday it won a refinery contract in Bahrain that could increase output by 34 percent.
The Bahrain Petroleum Co. awarded Technip with an engineering contract to build new refinery units in the Persian Gulf kingdom. The company said work to increase refinery output from 267,000 to 360,000 barrels per day will be completed by the end of next year.
No value of the contract was given and there was no corresponding statement from the Bahrain company. Technip, however, characterized the contract as "significant," saying it was valued at between $65 million and $130 million.
Bahrain refinery capacity exceeds domestic oil production of around 48,000 bpd. Though it's not a member of the Organization of Petroleum Exporting Countries, it shares with OPEC member Saudi Arabia production from the Abu Safah offshore field.
