Manama: April 23 – (BNA): The CEO of Bahrain National Gas Company (Banagas) Dr. Shaikh Mohammed bin Khalifa Al Khalifa said that the feasibility study for expansion of the company’s plant in association with the Oil and Gas Holding Company and Petroleum Development Company (Tatweer) would be finalized in the foreseeable future.
The project aims to harness associated gas injectable into the Bahrain Oilfield and to proceed in the expansion process next year (2015) has the project’s feasibility been proven.

Shaikh Mohammed told Bahrain News Agency (BNA) that the estimated cost for expansion of the company’s plant ranges from 200 to 250 million dollars, harnessing a total of 230 million cubic feet of gas in coordination with the Oil and Gas Holding Company and Tatweer.

Banagas plant was officially inaugurated on December 17, 1979. The company exported the first shipment of its products in early 1980.

The Oil and Gas Holding Company owns 75% of Banagas shares. Chevron (Bahrain). owns 12.5%. Boubyan Petrochemicals (BPCC) owns 12.5%. Meanwhile the Oil and Gas Holding Company owns 100% of the of the Bahrain National Gas Expansion Company (BNGEC).

According to latest official statistics, Banagas produced more than 182,000 metric tons and exported 81,600 metric tons of propane gas, 99,200 metric tons of butane gas and 179.5 metric tons of naphtha last year (2013). (IY)

I.Y

BNA 1147 GMT 2014/04/23