BAPCO, wholly owned by the Government of Bahrain, is engaged in the oil industry, including exploration, refining, distribution of petroleum products and natural gas, sales and exports of crude oil (150,000 bbls per day), refined products and lube oils.
The first to discover oil in the Arabian Peninsula in 1932, Bapco started exporting in 1934, and refining in 1936. Since then the company has helped shape the modern Kingdom of Bahrain, not simply through the generation of wealth, but through the development of Bahrain’s manpower.
More than eighty years after the company’s establishment, the adventure continues with ambitious new exploration initiatives in oil and gas field development, and new global markets opening up with the completion of the refinery’s US$725 m Low Sulphur Diesel Plant. The company can now export ultra low sulphur diesel to those countries with most stringent environmental standards.
Environmental protection plays as an important part in the company’s US$1 billion+ investment programme. The company owns a 270,000 barrel-a-day refinery, storage facilities for more than 14 million barrels, a marketing terminal, and a marine terminal for its petroleum products. 95% of refined products are exported.
BAPCO’s prime customers for crude oil and refined products are based in the Middle East, India, the Far East, South East Asia and Africa. In 2011, Bapco commissioned the Lube Base Oil Plant, LBOP, a key strategic project reflecting the latest trends in oil technologies. The US $430 million LBOP Project is the first ever Joint Venture in the refining sector in Bahrain. Inauguration of the Lube Base Oil Plant is the successful culmination of the Strategic Investment Programme which started in 2002 by Bapco to remain competitive and improve its operating margins and compliance to the Environmental laws of the Kingdom of Bahrain.