Bahrain Petroleum Company
| File:Bapco logo16.png | |
| Type | State owned |
|---|---|
| Industry | Oil and gas industry |
| Founded | 1929 in Canada 1999 |
| Founder | Standard Oil Company of California |
| Headquarters | , |
Key people | Abdulrahman Jawahery (CEO) |
| Owner | Government of Bahrain |
| Website | www |
The Bahrain Petroleum Company (BAPCO) is an integrated national oil company of Bahrain.
History
The BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain.[1][2][3] It took over Bahrain's assets of Gulf Oil.[1] In 1930 it obtained the only oil concession in Bahrain.[4] BAPCO discovered first oil in 1931.[5] On 31 May 1932, the company discovered the Bahrain Field (Awali Field). After exporting oil and constructing a refinery, it started with 10,000 barrels per day (1,600 m3/d) refining capacity in 1936.[3] Later that year the Standard Oil Company of California signed an agreement with Texaco, which acquired a half of BAPCO's shares.[1] In 1975 more than 60% BAPCO's shares was acquired by the Government of Bahrain. In 1980, all BAPCO's shares were taken over by the Government of Bahrain.[1][6] In 1978 the oil sector was nationalized and BAPCO assumed full control of the national energy sector.[5] In 1999, the current Bahrain Petroleum Company was created when the Bahrain National Oil Company, established in 1976, merged with BAPCO.[1][6] In 2018 BAPCO commissioned a new pipeline that replaced the over 70 years old pipeline infrastructure between Bahrain and Saudi Arabia.[3] In March 2019 construction work was started to upgrade the main oil refinery Sitra. The $5 billion project will increase the capacity to 380,000 barrels per day (60,000 m3/d).[3] Currently Abdulrahman Jawahery serves as CEO of the BAPCO.
Operations
BAPCO is an integrated oil company operating in the field of refining, and marketing. It operates a 267,000-barrel-per-day (42,400 m3/d) oil refinery which lies midway between the original BAPCO expat workers accommodation township of Awali and Sitra.[7] The complex also includes storage facilities for 14 million barrels (2.2 million cubic metres), a marketing terminal, and a marine terminal. 95% of the company's products are for exports.[5] About one-sixth of this crude originates from the Bahrain Field, with the remainder being pumped from Saudi Arabia. Saudi Aramco supplies approximately 350,000 barrels per day (56,000 m3/d) through the 112-kilometre (70 mi) pipeline from Aramco's Abqaiq Plant.[8] Once the flagship Sitra refinery's expansion is completed in 2023, its capacity will be increased from 267,000 bpd to 380,000 bpd.[9]
References
- ^ a b c d e Vassiliou, Marius (2018). Historical dictionary of the petroleum industry, 2nd Ed. Historical dictionaries of professions and industries. Vol. 3. Rowman and Littlefield. p. 621. ISBN 978-1-5381-1159-8.
- ^ Lobna Ali Al-Khalifa (2010). Foreign Direct Investment in Bahrain. Universal-Publishers. p. 146. ISBN 9781599423210.
- ^ a b c d "Boosting production to 380,000 bpd". The Japan Times. 26 June 2019. Retrieved 2 June 2020.
- ^ The United States and Arab nationalism: the Syrian case, 1953-1960. Greenwood Publishing Group. 2009. p. 6. ISBN 9780275954260.
- ^ a b c Olimat, Muhamad S. (2016). China and the Gulf Cooperation Council Countries: Strategic Partnership in a Changing World. Lexington Books. p. 92. ISBN 9781498545037.
- ^ a b The Middle East and North Africa 2003 (49 ed.). [Routledge]. 2002. p. 225. ISBN 9781857431322.
- ^ Minerals Yearbook, 2008, V. 3, Area Reports, International, Africa and the Middle East. United States Geological Survey. 2010. pp. 45–3. ISBN 9781411329652.
- ^ Rais, Ahlam (15 October 2018). "Saudi Aramco and Bapco Commission New Pipeline to Support Bahrain's Energy Demand". Process Worldwide. Retrieved 2 June 2020.
- ^ "Refinery news roundup: Fujairah to get fourth refinery in 2021". S&P Global. December 22, 2020. Retrieved April 28, 2021.
External links
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