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In 1980, all BAPCO's shares were taken over by the Government of Bahrain. [1] [6] In 1978 the oil sector was nationalized and BAPCO assumed full control of the national energy sector. [5] In 1999, the current Bahrain Petroleum Company was created when the Bahrain National Oil Company, established in 1976, merged with BAPCO.
Bapco Energies was intended to concentrate and refocus NOGA's oil, gas, and petrochemical development activities. [2] NOGA was abolished in September 2021. Bapco Energies became a semi-independent agency within Bahrain's Ministry of Oil and Gas. [3] As of 2022, Bapco Energies owned two corporate subsidiaries and had assets of more than US$10.2 ...
The Bahrain Petroleum Company refinery was built in 1935, has a capacity of about 250,000 barrels (40,000 m³) per day, and was the first in the Persian Gulf. After selling 60% of the refinery to the state-owned Bahrain National Oil Company in 1980, Caltex, a U.S. company, now owns 40%. Saudi Arabia provides most of the crude for refinery ...
The South Bay is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate.
Gas prices are expected to rise this summer by about $0.10 per gallon amid falling refinery capacity and higher refining costs, according to government data. "US retail gasoline prices will ...
Newsom calls for new oil refinery mandate in California. Taryn Luna. August 15, 2024 at 7:52 PM. A gas station in Los Angeles. A proposal by Gov. Gavin Newsom would require that petroleum refiners ...
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
The decision by Phillips 66 this week to shutter its refinery in Wilmington next year will wipe out more than 8% of the state's crude oil processing capacity. Another refinery shuts down in ...