The BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain. It took over Bahrain's assets of Gulf Oil. In 1930 it obtained the only oil concession in Bahrain. BAPCO discovered first oil in 1931. On 31 May 1932, the company discovered the Bahrain Field. After exporting oil and constructing a refinery, it started with refining capacity in 1936. Later that year the Standard Oil Company of California signed an agreement with Texaco, which acquired a half of BAPCO's shares. In 1975 more than 60% BAPCO's shares was acquired by the Government of Bahrain. In 1980, all BAPCO's shares were taken over by the Government of Bahrain. In 1978 the oil sector was nationalized and BAPCO assumed full control of the nationalenergy sector. In 1999, the current Bahrain Petroleum Company was created when the Bahrain National Oil Company, established in 1976, merged with BAPCO. In 2018 BAPCO commissioned a new pipeline that replaced the over 70 years old pipeline infrastructure between Bahrain and Saudi Arabia. In March 2019construction work was started to upgrade the main oil refinerySitra. The $5 billion project will increase the capacity to. On 29 December 2019, the company was allegedly targeted by Iranian hackers with data-wiping malware called Dustman, with only a small portion of the company's computers being affected. Currently Peter Bartlett serves as CEO of the BAPCO. BAPCO started their lubricants business unit in 2011 and launched its lubricants in 2015 in the local markets of Bahrain.
Operations
BAPCO is an integrated oil company operating in the field of exploration, drilling, production, refining, and marketing. It operates a oil refinery which lies midway between the original BAPCO expat workers accommodation township of Awali and Sitra. The complex also includes storage facilities for, a marketing terminal, and a marine terminal. 95% of the company's products are for exports. About one-sixth of this crude originates from the Bahrain Field, with the remainder being pumped from Saudi Arabia. Saudi Aramco supplies approximately through the pipeline from Aramco's Abqaiq Plant. Bapco started their lubricants business unit in 2011 and launched its lubricants in 2015 in the local markets of Bahrain. Unit was headed by Howard Hancock and supported by Bhupinder Singh as Head Sales and Marketing,
