BAC Jet Fuel Company (BJFCo), a joint venture between nogaholding and Bahrain Airport Company (BAC), has signed aviation fuelling restructuring agreements for Bahrain International Airport (BIA).
The agreement, signed with companies including BIA, Bafco, Chevron, BP, nogaholding and Bapco, will result in a more streamlined and efficient aviation fuel supply, operation and maintenance process at the airport, said a statement.
The restructuring is in line with the directives of the Prime Minister, HRH Prince Khalifa bin Salman Al Khalifa, and is part of the BIA’s ongoing Airport Modernisation Programme (AMP), it said.
The signing ceremony was attended by Oil Minister Shaikh Mohamed bin Khalifa Al Khalifa, and Transportation and Telecommunications Minister Engineer Kamal bin Ahmed Mohammed.
“Although the economy of Bahrain is increasingly diversified, the oil and gas sector remains a primary catalyst of government economic growth. Nogaholding is spearheading several strategic initiatives such as BJFCo to fuel sustainable economic growth and provide paradigm shift and income sources in line with Bahrain Vision 2030 and beyond,” said Shaikh Mohamed.
“Our shareholders have a common vision for BJFCo’s future and support a role in airport expansion projects and the wider requirements for aviation fuelling enhancement services,” he said.
Engineer Kamal bin Ahmed Mohammed said: “I am very happy to attend this signing ceremony which signifies the fulfilment of the Cabinet’s decision, and the directives of HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister, to move the fuel tanks from Arad to the Bahrain International Airport (BIA). This also signifies the fulfilment of the directives of HRH Prince Salman bin Hamad bin Isa Al Khalifa, Crown Prince and First Deputy Prime Minister of the Kingdom of Bahrain, who instructed that commercial and technical operations infrastructure among all the fuelling companies that service airlines at the airport, is reviewed in a professional and transparent manner to improve performance and increase the efficiency.
“This is exactly what has been achieved. In the future, this initiative will also increase the revenues of Bahrain Airport Company, which belongs to the Gulf Air Holding Company, and will also increase our ability to enhance the infrastructure and services offered at the BIA,” he said.
“The agreements signed today mark a major milestone for Bahrain International Airport aviation fuelling,” said Bahrain Airport Company (BAC) CEO Mohamed Yousif Al Binfalah.
“This restructuring brings together a wealth of local and international expertise in line with industry best practices for a more effective and competitive sector. We look forward to the beginning of a new era, with more streamlined processes, and we embrace this joint effort to further position BIA as a major regional aviation hub.”
Nogaholding chief executive Dr Dafer Al Jalahma said Bahrain is enjoying unprecedented era of aviation fuelling growth, under the country’s wise leadership and in line with the government economic Vision 2030.
BJFCo was established in April 2016 as a 50/50 joint venture between nogaholding and BAC with the directive to restructure the aviation industry fuelling, commencing with the building of a new fuel storage depot inside the perimeter of BIA and expanding the fuel hydrant system of the entire airport.
BJFCo chairman Abdul Majeed Al Qassab said the company’s shareholders have a common vision of providing safe, efficient, world-class aircraft fuelling.