Bapco Modernisation Project set to increase production capacity in oil refining by 400,000 barrels per day
TDT | Manama
Email: mail@newsofbahrain.com
The production capacity of the newly inaugurated Bapco Modernisation Project (BMP) in oil refining is expected to reach 400,000 barrels per day, representing a 42% increase.
This was highlighted by Mark Thomas, Group Chief Executive Officer of Bapco Energies, an integrated energy group spearheading the energy sector’s transformation in the Kingdom of Bahrain, and Dr. Abdulrahman Jawahery, Chief Executive Officer of Bapco Refining, during a joint press conference held on the sidelines of the inauguration of the milestone project.
They emphasised that the BMP marks a significant step towards enhancing Bahrain’s production capacity in oil refining.
Likewise, they noted that the project is expected to substantially support the national economy and increase revenues, representing a strategic step to strengthen Bahrain’s economy by creating new jobs and improving the quality of petroleum products, with a focus on employing Bahrainis in the project. During the press conference, the speakers expressed their optimism about the strategic project, which will serve as a foundation for launching new initiatives to enhance Bahrain’s position as a leading investment destination.
The speakers noted during the press conference, held after His Majesty King Hamad bin Isa Al Khalifa - in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister - patronised the inauguration ceremony of the BMP, that the project is the largest strategic initiative in the history of Bahrain and the energy sector.
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The project coincides with Bahrain’s National Day celebrations and the 25th Anniversary of His Majesty’s Accession to the Throne, along with accompanying national occasions.
The speakers emphasised Bahrain’s commitment to sustainability and development, pointing to the alignment of this historic event with the national celebrations underway in Bahrain.
They stated that this strategic project contributes to the development of the Kingdom’s energy strategy, highlighting the importance of cooperation among local and international stakeholders to achieve the project’s goals.
They affirmed that the project represents a significant step towards achieving sustainable development and serves as a successful model for public-private sector collaboration, demonstrating the importance of partnerships in achieving progress.
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