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Energizing a Thriving Future
Annual Report 2022
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We are building a world class energy company. Today, we are embarking a transformative journey in the Kingdom’s oil and gas sector and there is no place more appropriate for us to start than the headquarters of the oldest oil company in the Arabian Gulf region. I am a true believer in building the skills and the capabilities at any age. I am delighted to see our youth (males & females) are working in an industry that is driving our economic growth. Most importantly, to have a clear career progression path for the next generation of leaders in the sector.

HH SHAIKH NASSER BIN HAMAD AL KHALIFA

Representative of His Majesty the King for Humanitarian Works and Youth Affairs
Chairman of the Board of Directors of the Oil and Gas Holding Company

CEO

2022 Highlights

CHAIRMAN OF BAPCO
BOARD OF DIRECTOR'S FOREWORD

CEO

Abdullah Jehad Al Zain

Chairman,
Bapco Board of Directors

The year 2022 will be remembered as a significant year of successes for Bapco (the Company), as it has been a catalyst year for change focused on improved performance, efficiency, risk management, compliance and governance processes as a backbone for the future sustainability of the Company.

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CHIEF EXECUTIVE
OFFICER’S MESSAGE

CEO

Dr. Abdulrahman Jawahery

Chief Executive Officer

This progress is being achieved against the backdrop of the multi-billion dollar expansion of the Bapco Refinery facilities through our strategic national project, the Bapco Modernization Programme (BMP), which is the largest investment ever carried out by the Company, and the largest and most complex project ever executed within the Kingdom of Bahrain.

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Our History

  1. Bapco was formed by the
    Standard Oil Company of California (SOCAL).

  2. Oil was discovered in Bahrain, making it the first country in the Arabian Gulf to discover oil.

  3. The first shipment of 25,000 barrels of crude oil was exported on the ship El Segundo to Japan.

  4. HH the late Shaikh Hamad bin Isa Al Khalifa officially opened the Bahrain Refinery.

  5. The AB pipeline was extended between Bahrain and Saudi Arabia.

  6. Bapco discovered large natural gas reserves and became the first company in the region to discover Khuff Gas.

  7. The Bapco Apprenticeship Training Scheme was commissioned.

  8. The Bahrain Refinery Expansion Programme was completed with capacity of 250,000 barrels per day.

  9. The Government of Bahrain acquired the assets of oil production and exploration in Bahrain and participated in the ownership of the Refinery with a 60% shareholding relative to Caltex’s 40%.

  10. Dar An-Naft Oil Museum was inaugurated by HH the late Shaikh Isa bin Salman Al Khalifa.

  11. Bapco became fully owned by the Government of Bahrain.

  12. Bahrain National Oil Company (Banoco) and the Bahrain Petroleum Company entered into a merger agreement.

  13. Low Sulphur Diesel Production Complex (LSDP) was commissioned and Bapco celebrated the 75th anniversary of the discovery of oil.

  14. The Lube Base Oil Project (LBOP) was officially opened.

  15. The new AB pipeline was inaugurated.

  16. A ground breaking ceremony for BMP took place. Bapco celebrated its 90-year anniversary since inception. A stone-laying ceremony for BMP took place. The LC-Fining Center of Excellence was opened.

  17. His Majesty King Hamad bin Isa Al Khalifa named His Highness Shaikh Nasser bin Hamad Al Khalifa as nogaholding Chairman of the Board of Directors.

Strategic Review

Purpose

Our
Purpose

Bringing energy to the world for enduring prosperity of the Kingdom of Bahrain

Mission

Our
Mission

To sustainably manage and operate an integrated energy business, leveraging best practices, and creating value for shareholders, customers and employees

Vision

Our
Vision

To be recognised as a dynamic and empowering national energy company competing globally

Purpose

Enterprising

We are empowered and dynamic. This attitude, along with our business mentality, enables us to innovate.

Purpose

Trusted

We are honest and respect others. By acting with integrity, we garner trust internally and externally.

Purpose

Committed

We are determined and passionate. Personal accountability and teamwork produce the best results

Empowering Progress

ISO 45001:
2018

Occupational Health and Safety Management System Audit compliance without any non-compliance and areas for improvement

ISO 22301:
2019

Business Continuity Management System Audit compliance without any comments

ISO 9001:
2015

Quality Management System

ISO 14001:
2015

Environmental Management System – periodic external audit

Awards

Bapco was awarded the King Hamad Youth Empowerment Award to Achieve Sustainable Development Goals (SDGs).
Bapco received HRH Princess Sabeeka bint Ibrahim Al Khalifa Award for Bahraini Women’s Advancement.
Dr. Abdulrahman Jawahery, Bapco’s Chief Executive Officer, received the Leadership Excellence for Women Awards and Symposium (LEWAS) Award for the Male Champion category.
Bapco received the Royal Society for the Prevention of Accidents (ROSPA) Health and Safety Award.

Dr. Abdulrahman Jawahery, Bapco’s Chief Executive Officer, was listed among Albilad’s 20 most influential figures in the Bahraini economy
Bapco was awarded honorary plaque from Mr. Jameel bin Muhammad Ali Humaidan, Minister of Labour. The Company has received a prestigious recognition for its efforts to recruit and employ the highest number of Bahraini nationals

Board
of Directors

Executive
Management

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