GPIC exceeds targets
Manama : The Gulf Petrochemical Industries Company (GPIC) exceeded all its production targets for 2017, which included the highest daily production of Urea (2,055 metric tonnes) and a new record per month for Methanol (62,300 metric tonnes).
Total production of Urea, Ammonia and Methanol reached 1,604,725 metric tonnes, an increase of 1.4 per cent over the previous year.
A total of 1,204,486 million tonnes of the Company’s products were shipped on board 71 vessels throughout the year and these fetched the best prices from world markets.
GPIC Board of Directors Chairman Dr. Ahmed Al Sharyan announced this during the company’s Annual General Meeting (AGM) held on Thursday.
Reviewing company’s performance during the year, Dr Al Sharyan attributed the success to close cooperation and coordination with the marketers of its products – the Saudi Basic Industries Corporation and the Petrochemical Industries Company of Kuwait.
Minister of Oil, Shaikh Mohammed bin Khalifa Al Khalifa, representing the Bahrain side, presided over the meeting. The Kuwaiti side was represented by Finance Manager at the Petrochemical Industries Company Talal Issa Al-Sultan, while the Saudi side was represented by Saudi Basic Industries Corporation Director, Venture Management, and Joint Ventures Affairs Ahmed Bin Saleh Al-Duraian.
The General Assembly approved the Board of Directors’ report on GPIC’s work for 2017 and the report of the auditor.
New 27m hours record
Company President Dr. Abdulrahman Jawahery said the Company achieved a new record of more than 27 million hours without a lost time accident. Thus, he said, the Company had maintained a clean slate since May 2002.
He said the Carbon Dioxide Recovery Unit would continue to operate and help GPIC reduce emissions, while maintaining environmental safety according to the Government of Bahrain standards and in coordination with the Supreme Council for the Environment.
Dr. Jawahery said that the Company has maintained efficiency and is committed to a decimal plan for renewal and periodic replacement of equipment.
On training and development of human resources, he said the training and development centre had been transferred into an academy for leadership and learning and had contributed in enhancing the efficiency of human resources, while keeping abreast of technological and scientific developments.
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