30/12/2011 07:30 AST

Bapco will complete its refinery modernisation master plan by 2018, its chief executive-designate Gordon Smith said.

Mr Smith, who replaces Faisal Al Mahroos on New Year's Day, said the modernisation and expansion would mean the refinery's capacity going up from the present 260,000 barrels per day to 450,000 bpd.

Mr Smith said the project involves upgrading several units which will convert black oil products to more valuable ones and improve energy efficiency.

"I will take over at the helm at a time when many significant projects have been completed and several more are in the pipeline," he told the GDN.

Mr Smith was speaking on the sidelines of a Bapco management information meeting at the Bapco Club, Awali.

"There has also been significant progress on the new A/B Pipeline project linking Bahrain and Saudi Arabia," Mr Smith added.

"This pipeline is to be constructed from Saudi Aramco's plant in Saudi Arabia to the Bapco refinery on a new route," he said.

He said the 30-inch diameter, 115km-long pipeline will be capable of carrying 350,000 bpd of Arabian Light Crude to Bapco.

Mr Smith said the front-end engineering and design study for the project will begin early next year and construction will start by the third quarter of 2012.

"The completion of the pipeline will coincide with that of the proposed refinery master plan."

Mr Smith, at present the company's refining and marketing deputy chief executive, has a background of extensive oil industry management experience at US company Chevron.

He has led successful business turnarounds, plant commissioning and refinery operations around the world.

Earlier, speaking during the meeting, Mr Al Mahroos highlighted Bapco's achievements during the year and paid tribute to the employees.

He said the company could not have achieved what it did without the employees' dedication and hard work.

Mr Al Mahroos also introduced Bapco's re-structured management team to the employees.


Gulf Daily News

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
STC 83.41 257,644
DARALARKAN 13.47 74,648,349
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula