Bahrain Petroleum Company BAPCO

The Bahrain Petroleum Company (Bapco) was registered on 11th January 1929. Since then, Bapco has grown to be a powerful organisation that continues to play a key role in Bahrain’s development as a pioneering industrial force.

 

History

The Bahrain Petroleum Company (BAPCO)’s inception in 1929 marked the start of a radical transformation whose impact was felt in Bahrain and across the region. From a country known for its pearl trade, Bahrain became a pioneer in the oil and gas sector and led the change towards an industrial economy.

What we do

Bapco has been recognised as one of the main architects of modern Bahrain because of the company’s pioneering role as the first oil company in the Arabian Gulf to export oil. Today, Bapco along with its affiliates remains one of the key contributors to Bahrain’s GDP and an employer of choice to many Bahrainis.

Bapco owns a 267,000 bpd refinery — over one-sixth of the crude originates from Bahrain while the rest is pumped from Saudi Arabia. Over 85 per cent of Bapco’s refined products and crude oil are exported to countries across Africa, the Middle East, the Far East and South East Asia.

 

 

Bahrain’s Economic Vision 2030, launched in October 2008 by His Majesty King Hamad bin Isa Al Khalifa, is a comprehensive economic vision for the Kingdom of Bahrain, providing a clear direction for the continued development of the Kingdom’s economy and, at its heart, is a shared goal of building a better life for every Bahraini. The Bapco Modernization Programme (BMP) which is currently underway, is one of the Kingdom’s priority development projects that will inject newer product streams, bring in additional processes and skilled job opportunities, and bolster the company’s credentials as a company dedicated to sustainability.

 

 

Core Values / Vision / Mission

Vision:

To be recognised as a dynamic and empowering national energy company competing globally

Mission:

To sustainably manage and operate an integrated energy business, leveraging best practices and creating value for shareholders, customers and employees

Purpose:

Bringing energy to the world for the enduring prosperity of the Kingdom of Bahrain

Promise:

Staying ahead of our customers’ energy needs

Values:

Enterprising,
Trusted,
Committed

Tagline:

Empowering Progress

 

Strategy

How we will achieve our vision and mission

 

Sustainability

A world class safe and sustainable enterprise that provides a solid foundation for realizing Bahrain’s Economic Vision 2030

 

Financial Stability

Leveraging best practices to manage risks, and add value in a fast changing and evolving market

 

People

Well-trained, highly skilled and motivated workforce of Bahrainis and multi-cultural professionals reflecting the diversity of Bapco’s customer base.

 

Affiliates

Bahrain Lube Base Oil Company B.S.C. (Closed) (BLBOC) is a first company of its kind in the region when it was formed in 2009 to build a lube base oil plant manufacturing Group III base oils from the hydrocracker bottoms stream at the Bapco refinery using Chevron Lummus Global ISO Dewaxing Technology along with associated export facilities.

BLBOC is a joint venture with three shareholders: nogaholding and Bapco jointly owning 55 per cent equity while Neste of Finland holding 45 per cent equity.

The production capacity of the Lube Base Oil Plant is 400,000 tonnes a year of Very High Viscosity Index (VHVI), Group III Base Oils. These products are in increasingly high demand in Europe and North America, and serve to meet the requirements of the next generation of lubricant performance and environmental standards. Commercial sales by Bapco of its own branded BAPbase® base oils started in January 2018.

 

Bahrain Gasoline Blending W.L.L. (BGB) is a joint venture formed in 2016 between nogaholding, Bapco and UK based Greenergy with a goal of optimising and expanding the domestic gasoline business. Operations commenced in February 2017, using Greenergy’s unique blending capability and Bapco’s existing refinery infrastructure to produce and blend gasoline while also bolstering Bahrain’s gasoline supply resilience. The entire risk exposure of the business is managed, and plans are already underway to upgrade facilities and expand the business.

 

Our Business

For more than 90 years, Bapco has been at the forefront of energising growth and delivering value to industries across sectors and territories. Today, Bapco continues to be recognised for its high quality products and services, and for its commitment to operational safety and sustainability. Bapco has earned the trust and support of customers and suppliers who have benefited from their association with the company.

CORE BUSINESS

Bapco’s main activities include refining, storage and marketing. They form the heart of the company’s operations, and have enabled the company to meet requirements of customers from around the world. Bapco is known for its state-of-the-art production processes and for some of the highest quality products and services that have been exported across the Middle East, India, the Far East, South East Asia and Africa.

 

Refining

Bapco refines over 267,000 barrels of crude daily, over one-sixth of which originates from the Bahrain Field while the remainder is pumped from Saudi Arabia through pipelines extending 42 km onshore in Saudi Arabia, 28 km onshore in Bahrain and 42 km running offshore.

 

Storage

Bapco has storage capacity of over 14 million barrels, and this is made possible through more than 170 storage tanks located at different sites across Bahrain.

 

Marketing

Bapco supplies petroleum products locally and internationally, and also exports crude on behalf of the Government of Bahrain to customers in diverse markets around the globe. Bapco also supplies aviation fuel through the Bahrain Aviation Fuelling Company (BAFCO) to airplanes that land at the Bahrain International Airport.