Established in 1929, Bapco pioneered the discovery of oil in the Arabian peninsula being the first company to discover oil in the region in 1932. It played a leading role heralding in a new economic era for Bahrain, moving it from a pearling economy to an oil-based one. It soon became the largest employer in the country bringing rapid modernization to the Kingdom.
More than eight decades later, Bapco is now a regional oil and gas supplier and an important contributor to modern Bahrain’s economy, accounting for a significant portion of Bahrain’s energy-related activities.
The Company operates a 267,000 barrels per day (BPD) refinery, storage facilities for 14 million barrels, a marketing terminal and a marine terminal for its petroleum products. About 95% of Bapco’s refined products are exported. The Company also produces high-quality liquefied petroleum gas (LPG), gasoline, kerosene, and low sulfur diesel, which all form the core of its business.
The Company is moving ahead with its most ambitious plan to date, the Bapco Modernization Program (BMP), a US$4.2 billion flagship project designed to expand and upgrade the refinery from 267,000 to 380,000 barrels per day. This will improve the refinery’s overall energy efficiency and result in cleaner products that meet stricter environmental standards.
Once the BMP project is completed, Bapco and the Kingdom of Bahrain will usher in a new era of investment in new skills and technologies that will provide promise for generations to come.
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