News Article
His Majesty Inaugurates the Bapco Modernization Project
19 December 2024Under the auspicious patronage of His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain, and in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, Bahrain proudly marked the inauguration of the Bapco Modernization Project (BMP). This transformational project stands as the largest strategic undertaking in the Kingdom’s history and a pivotal development in the energy sector. The milestone coincides with Bahrain’s 53rd National Day celebrations and the Silver Jubilee of His Majesty’s accession, commemorating 25 years of progress and development under His Majesty’s reign.
Upon his arrival, His Majesty the King toured the accompanying exhibition for the inauguration of the Bapco Modernization Project, titled "A Journey Through Time." The exhibition showcases three distinct eras representing the past, present, and future. It begins with the initial stages of oil exploration in Bahrain leading up to its discovery in 1932, followed by the export of the first shipment, and highlights the developmental projects and companies established in the oil and gas sector during that period. The exhibition then transitions to the various milestones achieved over the years and looks ahead to the future with vivid imagery utilizing the latest artificial intelligence technologies.
Advancing the Kingdom of Bahrain’s Energy Future
During the ceremony, His Majesty underscored the significance of the Bapco Modernization Project (BMP) in fostering national development and sustainability, aligning with the Kingdom of Bahrain’s ambition to maximize the value of its natural resources for economic and societal advancement.
“This landmark project reflects our enduring commitment to sustainable growth, utilizing the Kingdom of Bahrain’s natural energy resources to power economic progress and development,” His Majesty stated. His Majesty highlighted the BMP’s role in driving Bahrain’s energy transition strategy, emphasizing the Government’s steadfast dedication—under the leadership of His Royal Highness the Crown Prince and Prime Minister—to advancing economic recovery through strategic investments in high-potential sectors.
On this momentous occasion, His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty’s Representative for Humanitarian Works and Youth Affairs, Chairman of Bapco Energies, offered his heartfelt gratitude to His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa for their visionary leadership.
“We are deeply honored to witness the inauguration of this transformative project under the patronage of His Majesty the King and with the invaluable guidance of His Royal Highness the Crown Prince and Prime Minister. The Bapco Modernization Project is a testament to their unwavering commitment to ensuring the Kingdom of Bahrain’s position as a global leader in energy innovation and sustainability. This strategic investment is not only a catalyst for economic growth but also a vital step in realizing the Kingdom’s vision of a sustainable and resilient future. Bapco Energies remains fully committed to advancing the Kingdom’s energy transition and contributing to the broader goals of Bahrain Vision 2030,” said His Highness Shaikh Nasser bin Hamad Al Khalifa.
A New Era of Excellence for Bapco Energies
His Majesty acknowledged the crucial role of Bapco Energies in advancing the Kingdom of Bahrain’s energy sector and supporting the Kingdom’s broader energy transformation. Through the integration of advanced technologies and processes, the Bapco Modernization Project is set to improve operational efficiency, reduce carbon emissions, and further align with the ever-changing global industry standards.
“This project represents over ninety years of development in the Kingdom of Bahrain’s energy sector. With significant investment, it lays the groundwork for continued progress, creating lasting economic value for the Kingdom,” His Majesty remarked.
Commitment to Global Environmental Leadership
Reiterating the Kingdom of Bahrain’s commitment to environmental stewardship, His Majesty affirmed the Kingdom’s alignment with the Paris Agreement and the pledges announced at the Glasgow Climate Summit, including reducing emissions by 30% by 2035 and achieving net-zero emissions by 2060.
Delivering on Vision 2030
The Bapco Modernization Project, a cornerstone of Bahrain’s Vision 2030, reinforces the Kingdom’s long-term goals of increasing refining capacity, diversifying its energy portfolio, and enhancing efficiency. It positions Bapco Energies amongst the leading energy companies delivering sustainable energy solutions and bolsters the Kingdom of Bahrain’s position as a global energy innovator.