Bapco signs $4bn ECA-backed facility

State-run Bahrain Petroleum Company (Bapco) signed a $4.1 billion ECA-backed loan at the end of December 2018 to finance the expansion of the Sitra oil refinery. The $5 billion project, part of the Bapco Modernisation Programme, will boost the capacity of the oil refinery to 360,000 barrels per day...