Banagas
| Public company | |
| Industry | natural gas |
| Founded | 1979 |
| Headquarters | Riffa, Bahrain |
Key people | Mohamed bin Khalifa Al Khalifa, CEO |
| Products | natural gas |
| Revenue | $282 million (2014) |
Number of employees | 500 (2010) |
| Website | www.banagas.com.bh |
Banagas (formally the Bahrain National Gas Company) is a large natural gas company in Riffa, Bahrain which operates a gas liquefaction plant. Some 94% of its total workforce are Bahrain nationals.
The company was founded in 1979 by Shaikh Isa bin Salman Al Khalifa with the objective to extract natural gas from the Bahrain Oil Field. The company was owned 75% by the Government of Bahrain and 25% by the Arab Petroleum Investments Corporation and Caltex Bahrain. The entire US$100 million project included the construction of four gas compressor stations, a processing plant to recover propane, butane and naphtha, and a storage area at Sitra. In March 1980 the first ship to transport gas was the Japanese tanker Yuyo Maru which was loaded with 5,000 tonnes of butane. In 1988 the total capacity of the plant was upgraded from 170 (48.1×105m³) million cubic feet/day to 280 million cubic feet/day (79.3×105m³).[1]
Banagas has the capacity to produce 3000 bbls of Propane, 3200 bbls of Butane and 4500 bbls of Naphtha per day.[2]
References
- ↑ "Introduction". Bahrain National Gas Company. Archived from the original on 21 July 2010. Retrieved August 24, 2010.
- ↑ "Our Process". Bahrain National Gas Company. Archived from the original on 21 July 2010. Retrieved August 24, 2010.