The agreement had been reached among Finnish Neste Oil company, Bahrain’s Oil and Gas Holding Company (OGHC) and the Bahrain Petroleum Company (Bapco), said it. The total investment was estimated to be between €250 and 300 million, of which Neste Oil’s share will be 45%, said the statement. The joint venture will have an annual capacity of 400,000 tons of very high viscosity index base oil when it begins production at the end of 2011. (people.com.cn)
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