HOME

Track your shipment

Client Testimonials

"We wish to convey our sincere thanks to your organization which has been professionally handling our biz since 2003. We would like to take this opportunity to thank everyone of your staff members who supported and helped us during the hard times and gave us workable solutions and ideas to reach our business objectives. Al Rana Equipment & Machinery Trading Eng. Bassam Nowfat - Managing Director"

Al Rana Equipment & Machinery Trading,
View All

Subscribe To NewsLetter

Stay Updated with the latest news & Events and other activities

Subscribe Me !

News View

TECHNIP AND BAPCO SIGN $55MN FEED DEAL
9/16/2014 12:00:00 AM

EPC contractor Technip have signed a $55mn front end engineering design (FEED) with the Bahrain Petroleum Company
(Bapco).
BAPCO Chief Executive Dr Peter Bartlett and Technip CEO, Marco Villa formalised the agreement.
Villa told the Bahrain News Agency after the signing ceremony, the $55 million deal is the beginning of a very
important project that could result in a very long standing relationship.Technip Bapco is an important reference, he added. The importance of this project, said the CEO, should be understood in the light of a global trend to enhance refineries and make them more profitable. "With the technology we offer, the refinery can cope with the continuous upgrade and the stringent regulations refineries are expected to follow by global bodies," he said.The FEED is expected to have an impact on the downstream projects, he added.
The CEO of BAPCO said that Technip and BAPCO we're collaborating on the project and the final plan would be put up to the board of directors and the rulers of Bahrain for review and further investment in the next 18 months. "What we
are doing now is getting ready to put the cost estimates to be presented before both the board and the government,"
he added.
This forms part of the BAPCO Modernisation Programme (BMP), said the Chairman of the Board, Adel Al Moayyed. He said that it is expected that Technip will complete the critical front end development work for this mega-project
by early 2016.
The BMP aims at improving gross margins and ensuring that the refinery remains competitive in the near future.
The chairman stressed on Bapco's adherence to the 'one-team' team, which he said has always been a part of the
company's work culture in a diverse multi-cultural environment reaping rich dividends for the company.

Thanks