Bahrain Is Said to Seek Investors for Key Saudi Oil Pipeline [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Bahrain is scouting for investors in a key oil pipeline that transports crude from Saudi Arabia, according to people familiar with the matter, as the Gulf's smallest economy looks to monetize energy assets. The government could raise a few hundred million dollars from the stake sale, the people said, asking not to be identified discussing confidential information. Article content The pipeline can transport up to 350,000 barrels of oil per day and connects Saudi oil processing facilities at Abqaiq with the Bapco refinery in Bahrain. Article content Representatives for Bahrain's Bapco Energies, which manages the nation's energy infrastructure including the pipeline, declined to comment. Bahrain was looking to hire advisers to help sell stakes in some of its oil and gas assets, Bloomberg News has previously reported. That's part of the governme
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