BNP Paribas and JP Morgan low bidders to advise on financing $6bn refinery expansion
Bahrain Petroleum Company (Bapco) has received four bids for a contract to advise the company on the financing of its $6bn refinery expansion project.
The joint lowest bidders were France’s BNP Paribas and the US’ JP Morgan, who both bid $2.4m for the work. The UK’s HSBC bid $3m and Germany’s Deutsche Bank bid $3.6m. Bids were opened on 11 October.
The mandate is understood to include working on the refinancing of Bapco’s existing debt and options for financing the refinery expansion plans.
You might also like...
Global AI market to top $1tn in 2030
25 April 2024
Morocco tenders Noor Midelt 2
25 April 2024
Saudi Arabia's Roshn launches Aldanah Dhahran project
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.