The project is located on Bahrain’s Eastern coast and entails the expansion of the capacity of the existing oil refinery, improve energy efficiency, valorization of the heavy part of the crude oil barrel (bottom of the barrel), enhancing products slate and meeting environmental compliance. The Bapco Modernization Project is considered to be the biggest industrial project in the history of Bahrain.

The project will be executed on engineering, procurement, construction and commissioning (EPCC) lump sum turnkey basis and is slated for completion in 2022.

The strategic objectives of the project include:
• Refinery configuration and gross margin – A revised configuration shall allow for higher throughput, improve the product slate by converting more bottom of the barrel into high-value products, and increase gross margin with the objective to remain competitive under a wide range of prices and market scenarios;
• Energy efficiency – The BMP shall improve energy efficiency and lower the Energy Intensity Index (EII) of the refinery by installing energy efficient new crude and process units;
• Environmental Compliance – All new units shall function in compliance with applicable local environmental regulations as well as Lender Standards.