(MENAFN) Bahrain's Bapco said that it has signed a contract with Saudi Arabia, Aramco for a new crude pipeline between the two countries, with the contracts for the project expected to be awarded by the April-June period of 2015, Gulf Daily News reported.
Bapco said that the project will include a new 30-inch diameter, 115 kilometer-long pipeline running onshore for 74 kilometer, while the remaining 42 kilometer of pipeline will be built sub-sea as a replacement for the current ageing pipeline, with the project expected to be estimated at USD350 million.
"It will also cater to future increase in crude oil demand post implementation of the Bapco modernization program. Request for proposals for both portions of the project were issued earlier this month,"" Bapco General Manager for Major Engineering Projects said.
Meanwhile, Aramco said that the new pipeline will result in increasing the transport capacity from its Abqaiq plant to Bahrain to 350.000 barrels per day (bpd) from 230.000 bpd it is currently transporting.
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