KSA and Bahrain sign $300m contracts for new oil pipeline

Updated 17 September 2015
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KSA and Bahrain sign $300m contracts for new oil pipeline

MANAMA: Saudi Arabia and Bahrain have signed contracts worth around $300 million to lay a new 350,000-barrel per day (bpd) oil pipeline between the two countries, with the link due to be operational in 2018, Bahrain’s Energy Minister said.

Bahrain relies on output from the Abu Safa oil field that it shares with Saudi Arabia for the vast majority of its oil and the new pipeline will replace an ageing 230,000 bpd link and enable Bahrain Petroleum Company (Bapco) expand the processing capacity of its 267,000 bpd Sitra refinery.
Eventually the new pipeline’s capacity could be increased to 400,000 bpd, Abdul-Hussain bin Ali Mirza said at a signing event in Manama.
“It will be finished by the end of 2017 or early 2018 and then there will be a six-month trial period for the new pipeline,” said Mirza, adding that the old pipeline was likely to be removed from service in the second half of 2018.
Arabian Light crude oil will flow from Saudi Aramco’s Abqaiq plant via the 115-km pipeline, 73 km of which will run overland and the rest under the Gulf.
Agreements to build the pipeline were signed with Saudi Arabia’s Al-Robaya Holding Company and National Petroleum Construction Company of the UAE.
The former will complete onshore engineering, procurement and construction (EPC) work in Saudi as well as conducting engineering and procurement work in Bahrain. The latter has been awarded an EPC contract for the offshore work.
A contract for construction at the Bahrain end of the pipeline has yet to be awarded, according to a statement from Bapco.
The cost of the pipeline will be met by nogaholding, an investment vehicle which holds the Bahraini government’s oil and gas assets.
The new pipeline has been long talked about. Mirza told Reuters in March the pipeline would be ready in 2018, after officials had previously estimated completion by the third quarter of 2016.


Samsung delays Galaxy Fold media events in China

Updated 22 April 2019
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Samsung delays Galaxy Fold media events in China

  • Instead of plaudits ahead of the phone’s launch on April 26 in the US, Samsung has instead received brickbats
  • The hashtag #foldgate trended on Twitter because of the smartphone issues

SEOUL: Smartphone maker Samsung postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples.
The official did not elaborate on reasons or rescheduling.
Instead of plaudits ahead of the phone’s launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens after using their samples for as little as a day.
Samsung said it received “a few” reports of damage to the displays of samples of the $1,980 handset, raising the specter of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.
The reviewers’ reports of broken screens went viral online and prompted the creation of hashtag #foldgate on Twitter.
Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple’s iPhone in 2007. Chinese rival Huawei Technologies has also announced a folding handset, the Mate X.
The Samsung official on Monday said it had no change to its previously announced release date in the United States.
It plans to begin South Korean and European sales in May, and Chinese sales from an undisclosed date.