Bapco opens diesel loading terminal
Manama, March 18, 2013
Bahrain Petroleum Company (Bapco) has opened a $13 million bulk diesel loading terminal in the Sitra area in a move aimed at enhancing the natural gas supply in the kingdom and meeting the growing demand for diesel in the local market.
With a capacity of 4 million litres per day, the terminal will boost diesel supply, supporting industrial development and strengthening the national economy, reported the Gulf Daily News, our sister publication.
"The opening of new station is in line with Bapco's directives aimed at enhancing the natural gas supply in the kingdom and meeting the growing demand for diesel in the local market," remarked Bapco chairman and acting chief executive Adel Almoayyed, after inaugurating the facility.
"Bapco has an ongoing interest in launching such projects which meet local market demands and support growth trends."
The new station will serve different existing and future industries in the kingdom through the provision of required diesel supply to the market.
Data available shows that currently diesel consumption is about 7,574 barrels per day (bpd) while Bapco produces more than 85,000bpd. The station has the capacity to cater to 400 tankers per day, whereas only 70-80 tankers fuel up at it presently.
"Bapco continues to launch such core projects which play a pivotal role in economic development," Almoayyed said.-TradeArabia News Service
More Energy, Oil & Gas Stories
- $1bn Salalah IWPP opened officially
- Saudi oil exports plunge in March
- Kuwait replaces top oil sector officials
- Iran to boost diesel exports to Iraq
- European oil price investigation widens
- Key Iraq energy conference in Abu Dhabi
- Gulf Petrochem receives Meed award
- Mideast facing ‘double dilemma’ over oil future
- Taqa ranked top UAE energy firm by Forbes
- Ipic head appointed GEM chairman