Shaikh Isa, who is also Advisor to HRH the Prime Minister for Industrial and Oil Affairs, was presiding over the GPIC board of directors where he welcomed the board members and conveyed to them the greetings of the wise leadership of the Kingdom of Bahrain and appreciation for the great success achieved by the company, while reiterating the government’s readiness to continue to provide all forms of support for the company and its strategic project intended to double its production of petrochemicals and fertilizers.
The board reviewed items contained in the minutes of the last meeting, including the most prominent visits to the company’s complex and discussed matters relating to the conduct of operations in the company and events carried out by the company during that period with respect to social responsibility, the status of employees of the company and a review of the training programmes offered by the company for the development of national cadres that demonstrate how the great professionalism within the company are leading to new heights of success and excellence.
Shaikh Isa bin Ali Al Khalifa, thanked the members of the Board of Directors for their efforts to ensure the success of the meeting and make appropriate decisions that will enhance the company’s success and help them it forward at all levels, praising the members of the Executive Management who apply the Board’s decisions, policies and strategies.
The board of directors expressed their satisfaction with the good results from the meeting and expressed their appreciation to the Chairman for the good management of the meeting his directives, noting the efforts of the members of the executive management and those of the employees in the company who have contributed to the ongoing successes of the company.
All emphasised that the board will work to seize the economic opportunities and development offered by the petrochemical industry so as to achieve the maximum use of primary resources through the industrial base, noting in particular that the region is poised to take advantage of the opportunities available in the market at the present time.
GPIC was established in 1979 as a nucleus of cooperation within the Gulf Cooperation Council (GCC) in the manufacture of fertilizers and petrochemicals, taking advantage of the natural gas produced by Bahrain as a raw material for the industry. The company was established to be a joint venture owned equally between both the Government of the Kingdom of Bahrain, the Kingdom of Saudi Arabia represented by the Saudi Basic Industries Corporation (SABIC) and the State of Kuwait represented by Petrochemical Industries Company. The Board of Directors is composed of representatives from the three contributing countries.
“The company is looking to the future in the production and export of high-quality petrochemical products to the whole world and, to maintain this unique position, has been directing efforts and investment in the development and modernization of the plant, while modernizing management and control systems in the complex. This is in addition to the proposed expansion plans while also maximizing the potential of the existing facilities.”