Gulf Petrochemical Industries Company (GPIC) is the only petrochemical producing company headquartered in Bahrain and sells its products both locally and exports to other gulf countries and beyond, including U.S., China, India, Pakistan among others.
GPIC is a joint venture between three state owned enterprises: Bapco Energies from Bahrain, Saudi Basic Industries Corporation (SABIC) from Saudi Arabia, and Petrochemical Industries Corporation (PIC) from Kuwait.
Established with a paid-up capital of $160 million, the Company employs 420 people of whom 92% are Bahrainis.
Its operations that involve natural gas purchases, employment and training of Bahraini nationals, utilization of local contractors, power consumption and other financial and commercial operations inject around $270 million annually into the national economy. GPIC uses natural gas which is available locally, as a basis for the production of ammonia, urea and methanol, which are its sole products.
It produces ammonia, methanol, and urea.
The companyâÂÂs Board of Directors comprises representatives from the three shareholding states and is chaired by H.E. Eng. Kamal Bin Ahmed Mohammed The companyâÂÂs executive management is led by Yasser A.Rahim Alabbasi as the Chief Executive Officer (CEO).