Bapco exports 85.5m/b to world market in 2013

09/02/2014 09:22 AST

Bahrain Petroleum Company (BAPCO) announced today achieving good results in the area of marketing after 2013, asserting that such results have covered a wide range of vital areas, particularly export, sales, distribution, retail and others.

Director General of Marketing, Engineer Khalid Ibrahim Bu Hazza’a highlighted that the total petroleum exports amounted to 85.5 million barrels in 2013 compared to 83.6 million barrels in 2012, with an increase of 1 percent.

Khalid Ibrahim added that 57 percent of intermediate products and 19 percent of the fuel oil, were exported mainly to the Middle East markets, in addition to 19 percent of naphtha to Asian companies producing petrochemical materials.

Khalid Ibrahim said that the total exports of crude oil from Abu Safa oilfield reached 52.1 million barrels in 2013 compared to 48.2 million barrels in 2012, pointing out that exports of crude oil during 2013 were higher in the light of the success of Aramco in overcoming difficulties, technical challenges and reproduction in Abu Safa to normal rates in the second half of 2013.

Khalid Ibrahim said that the average price of crude field in Abu Safa was $ 106.2 / barrel last year compared to 110.1 dollars / barrel in 2012.

Khalid Ibrahim said "Sulfur products, which amounted to 458,000 barrels were all exported to Asia markets by 49 percent to the Indian subcontinent, the main market and 23 percent to the countries of the Far East, as well as exporting the remaining quantities equally between Southeast Asia and the Middle East."

He said the unit issuing the cards in Bapco accomplished a remarkable achievement in 2013 through the issuance of 40,000 Sadeem cards for refueling service at the level of Kingdom of Bahrain.

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