Robert D. Wagner, Jr. Nominated to the Board of Directors

Apr 10, 2001, 01:00 ET from Blue Dolphin Energy Company

    HOUSTON, April 10 /PRNewswire/ --
 Blue Dolphin Energy Company (Nasdaq:   BDCO) announced that it has nominated
 Robert D. Wagner, Jr. as a new Director of the Company.  Mr. Wagner has served
 as a Managing Director of Arthur Andersen's Global Energy Corporate Finance
 Group and as a Managing Director of Bankers Trust's/BT Alex Brown's Energy
 Corporate Finance Group.  He was also the Executive Vice President of First
 City National Bank of Houston's Energy Division and Special Loans Division.
 Mr. Wagner is a graduate of Holy Cross College and the Graduate School of
 Business at New York University.
     "We are currently working on three large development projects and are very
 pleased to have Mr. Wagner's insight and contributions on our board," said
 Ivar Siem, Chairman of the Board of the Company.  "Bob brings a wealth of
 knowledge and experience in the area of energy finance to the Company."
     Blue Dolphin Energy Company is engaged in the acquisition and exploration
 of oil and gas properties, and the gathering and transportation of natural gas
 and condensate.  In addition, the Company actively pursues midstream projects
 with long-term revenue potential such as the Sabine Seaport and Petroport
 offshore oil terminal projects, the New Avoca natural gas storage project and
 Drillmar, Inc and its deepwater semi-tender assisted drilling and well
 intervention solution.  Questions should be directed to Haavard Strommen,
 Manager of Finance, at the Company's offices in Houston, Texas, 713-227-7660.
 For further information see our Home Page at http://www.blue-dolphin.com.
 
 

SOURCE Blue Dolphin Energy Company
    HOUSTON, April 10 /PRNewswire/ --
 Blue Dolphin Energy Company (Nasdaq:   BDCO) announced that it has nominated
 Robert D. Wagner, Jr. as a new Director of the Company.  Mr. Wagner has served
 as a Managing Director of Arthur Andersen's Global Energy Corporate Finance
 Group and as a Managing Director of Bankers Trust's/BT Alex Brown's Energy
 Corporate Finance Group.  He was also the Executive Vice President of First
 City National Bank of Houston's Energy Division and Special Loans Division.
 Mr. Wagner is a graduate of Holy Cross College and the Graduate School of
 Business at New York University.
     "We are currently working on three large development projects and are very
 pleased to have Mr. Wagner's insight and contributions on our board," said
 Ivar Siem, Chairman of the Board of the Company.  "Bob brings a wealth of
 knowledge and experience in the area of energy finance to the Company."
     Blue Dolphin Energy Company is engaged in the acquisition and exploration
 of oil and gas properties, and the gathering and transportation of natural gas
 and condensate.  In addition, the Company actively pursues midstream projects
 with long-term revenue potential such as the Sabine Seaport and Petroport
 offshore oil terminal projects, the New Avoca natural gas storage project and
 Drillmar, Inc and its deepwater semi-tender assisted drilling and well
 intervention solution.  Questions should be directed to Haavard Strommen,
 Manager of Finance, at the Company's offices in Houston, Texas, 713-227-7660.
 For further information see our Home Page at http://www.blue-dolphin.com.
 
 SOURCE  Blue Dolphin Energy Company