Technip wins Bahrain refinery contract

Paris: A consortium led by France-US petroleum services group TechnipFMC has secured a $4.2 billion contract to extend capacity at Bahrain’s Sitra refinery, the company said on Monday. The contract, awarded by Bahrain Petroleum Company (Bapco), will extend production capacity at the site on Sitra island in the Gulf of Bahrain from a current 267,000 to 360,000 barrels per day, TechnipFMC said. The consortium includes South Korea’s refinery and electrical plants designer Samsung Engineering as well as Spanish petroleum engineering firm Tecnicas Reunidas, TechnipFMC said, adding construction should be completed by 2022. — AFP