Bahrain’s Gulf Petrochemical Industries Company (GPIC) is set to begin work on a planned expansion project that will more than double its production capacity. However, go-ahead may hinge on Bahrain’s National Oil and Gas Authority (NOGA) sourcing additional gas supplies.
GPIC estimates the cost of the planned expansion at $1.5-2bn and says that the company is looking to secure government approval to go ahead with the project in 2015. Project completion is anticipated in 2018 (MEES, 11 July). (CONTINUED - 264 WORDS)