Bahrain commenced its massive $4.2 billion project to renovate and modernize Bahrain Petroleum Company (Bapco) refinery. This project will create more than 1,500 new jobs during construction, and 150 permanent high-skill jobs.
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa laid the foundation stone in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, said a Bahrain News Agency report.
During a celebration held in Awali, HRH the Premier underlined the government’s resolve to fast track the kingdom’s development by supporting giant ventures aimed at serving the industrial sector.
He underscored the importance of Bapco refinery modernisation project as one of the major national ventures aimed at developing the oil industry infrastructure and supporting the national economy.
HRH the Prime Minister and HRH the Crown Prince listened to a briefing by the Oil Minister Shaikh Mohammed bin Khalifa bin Ahmed Al Khalifa on the project, its importance, the implementation phases and its expected economic and developmental impact.
The Bapco Modernisation Programme (BMP) represents a major expansion and upgrade of the facility that will allow the total refinery throughput to increase up to a maximum of 380,000 barrels per day (bpd). This will increase the refinery’s capacity by 42 per cent, from the existing 267,000 bpd.
Its resid hydrocracking unit converts 78% of lower grade feedstock into distillates which will then be refined into high margin diesel and kerosene. It will take 90 million safe man-hours to build.
Source: Trade Arabia