DUBAI, Sept 11 (Reuters) - A BlackRock ( BLK )-managed fund
has bought a minority stake in a pipeline linking Saudi
Arabia and Bahrain from Bahrain state oil firm Bapco Energies,
the two firms said on Wednesday.
A fund managed by BlackRock's ( BLK ) Diversified Infrastructure
business bought the stake in Saudi Bahrain Pipeline Company
(SBPC), they said in a joint statement.
No value was disclosed for the deal, which follows similar
moves by investment firms regarding the pipeline assets of Saudi
Aramco and ADNOC in neighbouring Saudi Arabia and the United
Arab Emirates.
"SBPC owns a portion of the 112-km pipeline supplying crude
oil from Saudi Aramco to Bapco Refining, the national refinery
of Bahrain and a subsidiary of Bapco Energies," the statement
said.