MANAMA: With the successful completion of its decade long $1.2billion Strategic Investment Programme (SIP) undertaken to revitalize and upgrade Bahrain’s sole refinery established in the 1930s, the Bahrain Petroleum Company (Bapco) is entering into an exciting new chapter in its history, according to a top official.
“As a result of the SIP, we are now in a position to produce increased volumes of higher value products and meet anticipated future requirements of customers,” Adel Al Moayyed
Chairman, BAPCO, said.
In his prevent message of the 3rd PMI AGC-DMS Energy Forum Debates to be held in Bahrain next month, he said that several projects were undertaken as a part of this SIP which included a Low Sulphur Diesel Production Plant and a Lube Base Oil Plant along with several environmental projects such as the Refinery Gas Desulphurization Project, the Waste Water Treatment Plant Project and new Sulphur Handling Facilities.
Bapco is the Gold Sponsor of this major upcoming event in which region’s National Oil Companies, contractors, manufacturers and suppliers, banks and investment houses will come together to exchange ideas and debate on policies and contracting strategies in an open environment.
“Bapco, with a firm reiteration of its commitment to a clean and green Bahrain, has not stopped at this point but surged ahead with several path-breaking initiatives taken up for the first time in Bahrain such as a 5MW Pilot Solar Power Project in collaboration with concerned government agencies and a CO2 Recovery Plant Project, in partnership with a private entity, that utilizes a waste stream to extract carbon dioxide which has several uses, especially in the medicine industry,” he added.
“In line with our leadership’s vision is to create a sustainable, socially responsible and cost efficient Bapco that is fully aligned with the Kingdom’s economic Vision 2030, we are proud to shoulder the responsibility of turning the vision of our leaders into reality through the company’s strategic and business development initiatives. This is also the underlying theme of our vision which is ‘Striving for Excellence’ wherein we have focused not just on growth but also our internal processes with the launching of an ‘Operational Excellence’ program which addresses efficiency and reliability issues in addition to environment, health and safety.”