20-08-08 Samsung Engineering said that it has clinched a $ 300 mm deal to build a refinery in north-eastern Bahrain.
Under the deal with Bahrain Base Oil Co., Samsung Engineering plans to complete the plant by May 2011, the company said. The plant will be built on Sitrah island in the Persian Gulf.

Bahrain Base Oil is a joint venture that Finnish refiner Neste Oil Corp. and two Bahrain oil companies -- Bahrain Oil and Gas Holding Co. (OGHC) and the Bahrain Petroleum Co. (Bapco) -- set up in June to build a high-quality lubricant base oils plant in Bahrain.