BAPCO’s Refinery Modernisation Program to address environment and efficiency issues #nocsconf
Ebrahim Talib, Deputy Chief Executive of The Bahrain Petroleum Company spoke about the current investment opportunities available for international clients at the 2012 World National Oil Companies Congress.
BAPCO was first established in 1929 in Canada by the Standard Oil Company of California, with an objective in oil exploration in Bahrain. In 1930 it obtained rights to oil in Bahrain. BAPCO is 100% owned by the Government of Bahrain and 92% of its products are exported to GCC, Middle East, Japan, North east African and Asia countries.
BAPCO has realized the need to address additional challenges in the future and has decided to work on a Refinery Modernisation Program (RMP). The aim is to develop an optimum refinery configuration which will place BAPCO amongst the most competitive and profitable refineries beyond 2018, as well as address environment and efficiency issues.
BAPCO is very proud of the fact that in the last 5 years have commissioned 2 major capital projects, to encourage strategic investments. Studies have concluded that the best case for BAPCO is to concentrate on its middle distillates production. This will increase increased the refinery capacity to 450,000 barrels per day from the current 267,000. It is a hope that this investment will generate additional revenue and improve competitiveness.