MOSCOW (MRC) -- Bahrain’s oil refinery has not been affected by attacks that disrupted Saudi crude exports earlier this month, reported Reuters with reference to Bahrain’s Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa.
Bahrain’s oil imports from Saudi Arabia have now returned to normal, the statement said.
Some units in the oil refinery are under maintenance, reducing its capacity, but reserves of oil products are sufficient to meet clients’ needs in the long run, it added.
As MRC wrote before, in May 2019, Bapco completed multi-billion-dollar financing aimed at expanding its refining capacity to 380,000 barrels per day (bpd) from 267,000 bpd.
Besides, as MRC reported earlier, a number of Saudi Arabia's companies, such as Tasnee, Sadara, Advanced Petrochemical and Saudi Kayan, announced a curtailment of feedstock to their petrochemical plants, including polyethylene (PE) and polypropylene (PP) facilities, by an average of 30-50% due to the attacks on key Saudi Aramco facilities on Saturday.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. Meanwhile, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.
MRC