Bid & Tender
GPIC Board Reviews Developments, Strategy

Date : Dec 30, 2015

The Gulf Petrochemical Industries Company (GPIC) held its Board meeting presided over by the National Oil and Gas Authority (NOGA) Secretary General and GPIC chairman Dr Ahmed Al Sharayan.


Dr Al Sharayan, welcoming the Board members, conveyed to them the greetings of Bahrain’s leadership and appreciated the success the company has achieved as a successful regional and global entity.


The chairman reiterated the Government's determination to continue to provide all the support for GPIC’s strategy and future projects to double production of petrochemicals and fertilisers, as well as to overcome obstacles that might hinder its development. He praised everyone’s commitment and co-operation to achieve success and said he would work hard to provide support and encouragement so that they are able to make enhanced efforts to maintain the company’s gains.


During the meeting the Board members then reviewed developments and achievements since their last meeting and highlighted visits by several high-ranking figures to GPIC Complex.


The meeting also discussed operational matters and those related to social responsibility, which help the community and contribute to its development. The motivating work environment at the company as well as programmes it offers for developing national cadres were also discussed.


The Board heard that despite the challenges the company faced, it achieved a lot in the field of safety, clocking more than 22 million hours of work without a lost time accident. It also carried out its largest-ever periodic maintenance in terms of number of employees, contractors and businesses involved. GPIC achieved a production of a total of 1.46545 million tonnes, an increase of 5,000 tonnes from what had been planned.


The several international awards won by GPIC in the last year also came up for discussion. These include Excellence Award in Occupational Health & Safety from the British Royal Society for the Prevention of Accidents (RoSPA), the Best Gulf Company for Responsible Care Award, the Mohammed bin Rashid Al Maktoum Award for Excellence in the business in the Gulf Cooperation Council (GCC), the Arab Award for Social Responsibility given by the Arabic Network for Social Responsibility, and the Arab Social Responsibility Award of Excellence for having the best programme of partnership and cooperation between the public and the private sector to promote the Company's role in implementing an environment programme for students.


Dr Al Sharayan thanked the Board members for their efforts in taking appropriate decisions for the company’s success and said the company’s management played a significant role in implementing the Board decisions.


The Board members said the meeting had been a success and also complimented the Executive Management and all employees who have contributed in GPIC achieving continued successes.


Board Members said they would work hard to take advantage of economic and development opportunities offered by the petrochemical industry and make the most of the Gulf’s natural resources to take the company towards further excellence.


GPIC was founded in 1979 as a joint venture between three GCC countries - the Government of Bahrain; Saudi Arabia, represented by the Saudi Basic Industries Corporation (Sabic) and the State of Kuwait, represented by the Petrochemical Industries Company – to take advantage of the natural gas produced by Bahrain as a raw material for the industry.


The company has now achieved distinction in the production and export of high-quality petrochemical products, and in order to maintain this unique position, has been directing efforts and investment in the development and modernisation of its equipment as well as management and control systems within the complex.