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Bahrain Petroleum Company

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Bahrain Petroleum Company (BAPCO)
Company typeState owned
IndustryOil and gas industry
Founded1929 (1929) in Canada
1999 (1999)
FounderStandard Oil Company of California
Headquarters
Awali
,
Bahrain
Key people
Pete Bartlett (CEO)
OwnerGovernment of Bahrain
Websitewww.bapco.net

The Bahrain Petroleum Company (BAPCO) is an integrated national oil company of Bahrain.

History

Plaque commemorating the First Oil Well

The BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain.[1][2][3] It took over Bahrain's assets of Gulf Oil.[1] In 1930 it obtained the only oil concession in Bahrain.[4] BAPCO discovered first oil in 1931.[5] On 31 May 1932, the company discovered the Bahrain Field (Awali Field). After exporting oil and constructing a refinery, it started with 10,000 barrels per day (1,600 m3/d) refining capacity in 1936.[3] Later that year the Standard Oil Company of California signed an agreement with Texaco, which acquired a half of BAPCO's shares.[1] In 1975 more than 60% BAPCO's shares was acquired by the Government of Bahrain. In 1980, all BAPCO's shares were taken over by the Government of Bahrain.[1][6] In 1978 the oil sector was nationalized and BAPCO assumed full control of the national energy sector.[5] In 1999, the current Bahrain Petroleum Company was created when the Bahrain National Oil Company, established in 1976, merged with BAPCO.[1][6] In 2018 BAPCO commissioned a new pipeline that replaced the over 70 years old pipeline infrastructure between Bahrain and Saudi Arabia.[3] In March 2019 construction work was started to upgrade the main oil refinery Sitra. The $5 billion project will increase the capacity to 380,000 barrels per day (60,000 m3/d).[3] On 29 December 2019, the company was allegedly targeted by Iranian hackers with data-wiping malware called Dustman, with only a small portion of the company's computers being affected.[7] Currently Peter Bartlett serves as CEO of the BAPCO.[8] BAPCO started their lubricants business unit in 2011 and launched its lubricants in 2015 in the local markets of Bahrain.

Operations

BAPCO is an integrated oil company operating in the field of exploration, drilling, production, refining, and marketing. It operates a 260,000-barrel-per-day (41,000 m3/d) oil refinery which lies midway between the original BAPCO expat workers accommodation township of Awali and Sitra.[9] The complex also includes storage facilities for 14 million barrels (2.2×10^6 m3), a marketing terminal, and a marine terminal. 95% of the company's products are for exports.[5] About one-sixth of this crude originates from the Bahrain Field, with the remainder being pumped from Saudi Arabia. Saudi Aramco supplies approximately 350,000 barrels per day (56,000 m3/d) through the 112-kilometre (70 mi) pipeline from Aramco's Abqaiq Plant.[10] Bapco started their lubricants business unit in 2011 and launched its lubricants in 2015 in the local markets of Bahrain.[11] Unit was headed by Howard Hancock [12] and supported by Bhupinder Singh as Head Sales and Marketing,[13]

References

  1. ^ a b c d e Vassiliou, Marius (2018). Historical dictionary of the petroleum industry, 2nd Ed. Historical dictionaries of professions and industries. Vol. 3. Rowman and Littlefield. p. 621. ISBN 978-1-5381-1159-8.
  2. ^ Lobna Ali Al-Khalifa (2010). Foreign Direct Investment in Bahrain. Universal-Publishers. p. 146. ISBN 9781599423210.
  3. ^ a b c d "Boosting production to 380,000 bpd". The Japan Times. 26 June 2019. Retrieved 2 June 2020.
  4. ^ The United States and Arab nationalism: the Syrian case, 1953-1960. Greenwood Publishing Group. 2009. p. 6. ISBN 9780275954260.
  5. ^ a b c Olimat, Muhamad S. (2016). China and the Gulf Cooperation Council Countries: Strategic Partnership in a Changing World. Lexington Books. p. 92.
  6. ^ a b The Middle East and North Africa 2003 (49 ed.). [Routledge]. 2002. p. 225. ISBN 9781857431322.
  7. ^ "Iranian hackers target Bapco". Trade Arabia. MANAMA. 10 January 2020. Retrieved 12 January 2020.
  8. ^ "Petroleum prospects: Dr Pete Bartlett". The CEO Magazine. September 29, 2017. Retrieved June 5, 2020.
  9. ^ Minerals Yearbook, 2008, V. 3, Area Reports, International, Africa and the Middle East. United States Geological Survey. 2010. p. 45–3. ISBN 9781411329652.
  10. ^ Rais, Ahlam (15 October 2018). "Saudi Aramco and Bapco Commission New Pipeline to Support Bahrain's Energy Demand". Process Worldwide. Retrieved 2 June 2020.
  11. ^ "Bapco Drives into Consumer Lubricants Market with Exciting Launch offers". Gulf Auto Zone. September 7, 2015. Retrieved June 5, 2020.
  12. ^ "The Opening of House 14" (PDF). BAPCO News. May 2011. Retrieved June 5, 2020.
  13. ^ "Co-Located Bitumen and Base Oil Conferences" (PDF). AMEA Conferences. August 1, 2018. Retrieved June 5, 2020.
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