SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                     the Securities and Exchange Act of 1934

               Date of Report: (Date of earliest event reported):
                        August 28, 2003 (August 27, 2003)


                           Blue Dolphin Energy Company
             (Exact name of registrant as specified in its charter)




       Delaware                       0-15905                     73-1268729
(State of Incorporation)       (Commission File Number)        (IRS Employer
                                                             Identification No.)





                             801 Travis, Suite 2100
                              Houston, Texas 77002
              (Address of Registrant's principal executive offices)

                                 (713) 227-7660
              (Registrant's telephone number, including area code)




                                (Not Applicable)
          (Former name or former address, if changed since last report)




ITEM 5.  OTHER EVENTS

         Blue Dolphin Energy Company  ("Company")  previously  announced that it
received a notice from the NASDAQ on July 15,  2002,  stating  that  because the
Company's  common stock traded below the minimum bid requirement of $1.00 for 30
consecutive trading days the common stock would be delisted if its bid price did
not close above $1.00 for 10 consecutive  trading days by January 13, 2003. This
deadline to regain compliance with NASDAQ's listing requirements was extended to
October 8, 2003.  On August 27,  2003,  the  Company  received a notice from the
NASDAQ that it has regained compliance with the listing requirements as a result
of the bid price of its common  stock  closing  above  $1.00 for 10  consecutive
trading days. If the Company's  common stock were to trade below the minimum bid
requirement  of $1.00  for 30  consecutive  trading  days,  the bid price of its
common  stock would  again be  required to close above $1.00 for 10  consecutive
trading days to avoid delisting.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)      Exhibits- None




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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended,  the  registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

Date:    August 28, 2003


                           BLUE DOLPHIN ENERGY COMPANY


                           /s/ G. Brian Lloyd
                           -------------------------
                           G. Brian Lloyd
                           Vice President, Treasurer






































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