Bapco nears close on $4bn ECA-covered deal for Sitra oil refinery

State-run Bahrain Petroleum Company (Bapco) is expected to reach financial close on a $4 billion ECA-backed loan by year-end, or Q1 2019 at the latest, to finance the expansion of the Sitra oil refinery. The $5 billion project, part of the Bapco Modernisation Programme, will boost the capacity of...