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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.
Bapco Energies formed a joint venture, Bahrain LNG, to operate the LNG terminal, in which Teekay held a 30 percent interest, and Samsung and GIC each held another 20 percent. [5] A US$98.7 million contract was signed in October 2016 with JGC Corp. of Japan to build a new storage and pipeline facility at the natural gas processing facility.
The Bahrain Petroleum Company refinery was built in 1935, has a capacity of about 250,000 barrels (40,000 m³) per day, and was the first in the Persian Gulf. After selling 60% of the refinery to the state-owned Bahrain National Oil Company in 1980, Caltex, a U.S. company, now owns 40%. Saudi Arabia provides most of the crude for refinery ...
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by the Bahrain Petroleum Company B.S.C. (Closed) - BAPCO, a lump-sum contract for the engineering, procurement, construction, pre ...
Banagas (formally the Bahrain National Gas Company) is a Bahraini gas company, headquartered in Bahrain's Southern Governorate. Banagas operates LPG plant facilities which recover propane, butane and naphtha from the Bahrain Oil Field's associated gas and refinery off-gas. Some 94% of the total workforce are Bahrain nationals.
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Awali is a small municipality located approximately in the centre of the Kingdom of Bahrain, a small island in the Persian Gulf. Founded in the 1930s by the Bahrain Petroleum Company, it is populated mostly by workers of various nationalities from around the world whose skills were needed in the setting up and running of the refinery at Sitrah.
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.