Bahrain Petroleum Company
|
Logo | |
| State owned | |
| Industry | Oil and gas industry |
| Founded |
1929 in Canada 1999 |
| Founder | Standard Oil Company of California |
| Headquarters | Awali, Bahrain |
Key people | Pete Bartlett (CEO) |
| Owner | Government of Bahrain |
| Website |
www |
The Bahrain Petroleum Company (BAPCO) is an integrated national oil company of Bahrain.
History
The BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain.[1][2] It took over Bahrain's assets of Gulf Oil.[1] In 1930 it obtained the only oil concession in Bahrain.[3] On 31 May 1932, the company discovered the Awali oil field. In 1936 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. In 1999 the current Bahrain Petroleum Company was created when the Bahrain National Oil Company, established in 1976, merged with BAPCO.[1][4]
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.[5] The complex also includes storage facilities for 14 million barrels (2.2×106 m3), a marketing terminal, and a marine terminal. About one-sixth of this crude originates from Bahrain Field, with the remainder being pumped from Saudi Arabia. Saudi Aramco supplies approximately 235,000 barrels per day (37,400 m3/d) through the 62-kilometre (39 mi) Abqaiq–Dhahran Pipelines System. A new pipeline has been proposed to be constructed from Aramco's Abqaiq Plant to Qurayyah utilising an existing pipeline corridor, then offshore to Bahrain, and finally on a newly defined route to the Bapco Refinery.
References
- 1 2 3 4 Vassiliou, Marius (2009). Historical dictionary of the petroleum industry. Historical dictionaries of professions and industries 3. Scarecrow Press. pp. 71–72. ISBN 9780810859937.
- ↑ Lobna Ali Al-Khalifa (2010). Foreign Direct Investment in Bahrain. Universal-Publishers. p. 146. ISBN 9781599423210.
- ↑ The United States and Arab nationalism: the Syrian case, 1953-1960. Greenwood Publishing Group. 2009. p. 6. ISBN 9780275954260.
- ↑ The Middle East and North Africa 2003 (49 ed.). Routledge. 2002. p. 225. ISBN 9781857431322.
- ↑ Minerals Yearbook, 2008, V. 3, Area Reports, International, Africa and the Middle East. United States Geological Survey. 2010. p. 45-3. ISBN 9781411329652.