Bahrain state agency Bapco Energies on 4 September mentioned it had accomplished the acquisition of two 12.5% stakes of subsidiary Bapco Gasoline held by Chevron and Kuwait’s Boubyan Petrochemicals. Bapco Energies is now sole shareholder of the agency beforehand generally known as Banagas. “Having full possession will enable us to additional combine it inside our strategic plans to determine a sturdy and related Bapco Energies,” Bapco CEO Mark Thomas says.
Bapco Gasoline operates three gasoline processing crops totalling 650mn cfd which course of gasoline from the two.6bn cfd Bahrain Subject. From these crops the agency produces a complete of 6,300 b/d of propane, 5,800 b/d of butane, and eight,600 b/d of naphtha. (CONTINUED – 139 WORDS)
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