Bapco draws on Adnoc, KPC fleet to sustain exports

Argus Media · Argus Media · 2026-11-04 17:26 UTC

Bahrain's state-controlled refiner Bapco relied on vessels controlled by the UAE's Adnoc and Kuwait's KPC to move products outside the strait of Hormuz after export restrictions left its storage tanks full, a senior executive said.

Bahrain's state-controlled refiner Bapco relied on vessels controlled by the UAE's Adnoc and Kuwait's KPC to move products outside the strait of Hormuz after export restrictions left its storage tanks full, a senior executive said.

"This year we had to do a lot of ship-to-ship (STS) transfers outside of the strait," Bapco Energies executive Bader al-Buqaishi told the Adipec conference in Abu Dhabi on 4 November.

Most of Bapco's sales are on a fob basis, meaning buyers arrange vessels to collect cargoes in Bahrain. But disruption following Iranian attacks in March left Bapco facing a "tank-top" situation as products accumulated in storage, al-Buqaishi said.

Read the full story at Argus Media · All coverage of this story