The Bahraini government has signed a joint venture agreement with Finnish Neste Oil to set up a lubricants manufacturing plant in the kingdom. The venture has project capitalisation of BD225m and is expected to top an annual output of 400,000 metric tons of high-quality oil lubricants and is expected to be complete by 2011. The JV, called the Bahrain Lubricant Basic Oil Lubrication Holding Company, is a 55:45 split between the government, represented by Oil and Gas Holding and Bapco, and Neste Oil.