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Gulf Petrochemical Industries Company (GPIC)
Company type
Private
Industry
Petrochemicals
Founded
December 1979
Headquarters
Sitra, Kingdom of Bahrain
Key people
H.E. Eng. Kamal Bin Ahmed Mohammed (Chairman) Yasser A.Rahim Alabbasi (CEO)
Products
Ammonia, Methanol & Urea
Owner
1. Bapco energies, Kingdom of Bahrain - (33.3%)
2. SABIC Agri-nutrient Investments (SABIC), Kingdom of Saudi Arabia - (33.3%)
3. Petrochemical Industries Co. (PIC), State of Kuwait - (33.3%)
Number of employees
420
Website
http://www.gpic.com/
Gulf Petrochemical Industries Company (GPIC) [1] is the only petrochemical producing company headquartered in the Kingdom of 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 jointly owned by three major governmental institutions, namely, Bapco energies from the Kingdom of Bahrain, SABIC Agri-nutrient Investments from the Kingdom of Saudi Arabia, and Petrochemical Industries Co. (PIC) from the State of 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.[citation needed]
It produces: Ammonia, Methanol, and Urea.[2]
^"Gulf Petrochemical Industries Company".
^"GPIC".
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