History of Arab Iron and Steel Company (AISCO)
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Questions and Answers

When did the iron pelletizing plant built by AISCO start production?

  • Early 1985 (correct)
  • Early 1987
  • Early 1984
  • Early 1986
  • Why was the iron pelletizing plant closed three months after starting production?

  • Lack of orders (correct)
  • Financial constraints
  • Technical issues
  • Environmental concerns
  • From which companies did AISCO receive orders that led to the restart of production in July 1985?

  • Asian and American companies
  • Middle Eastern and African companies
  • Indian and European companies
  • Indian and Australian companies (correct)
  • What was the total output of the iron pelletizing plant in 1985?

    <p>680,000 tons</p> Signup and view all the answers

    Which company purchased AISCO's fixed assets and restarted production in June 1988?

    <p>GIIC</p> Signup and view all the answers

    Who founded the Bahrain Petroleum Company (Bapco) in 1929?

    <p>The Standard Oil Company of California</p> Signup and view all the answers

    What percentage of Bapco's refined products are exports?

    <p>95%</p> Signup and view all the answers

    What is one of the light industries mentioned in Bahrain?

    <p>Furniture manufacturing</p> Signup and view all the answers

    Study Notes

    Iron Pelletizing Plant

    • The Arab Iron and Steel Company (AISCO) built an iron pelletizing plant that started production in early 1985.
    • The plant was closed three months later due to short orders, unable to function at half its installed capacity of 4 million tons per year.
    • Production restarted in July 1985 with orders from Indian and Australian companies, producing 680,000 tons in 1985.
    • In 1986, production reached 1.5 million tons, but the plant was closed during the summer.
    • The company accumulated $200 million in debts and was put into liquidation.
    • The Gulf Industrial Investment Company (GIIC) purchased AISCO's fixed assets, and production restarted in June 1988.

    Bahrain Petroleum Company (Bapco)

    • Bapco was founded by the Standard Oil Company of California in 1929.
    • The company discovered oil in 1932, started exporting in 1934, and began refining in 1936.
    • Bapco's customer base includes the Middle East, India, the Far East, South East Asia, and Africa.
    • The company owns a 260,000 barrel-a-day refinery, storage facilities for 14 million barrels, a marketing terminal, and a marine terminal.
    • One-sixth of the crude originates from Bahrain Field, with the remainder being pumped from Saudi Arabia through pipelines.
    • 95% of Bapco's refined products are exports.

    Bahrain's Light Industries

    • Bahrain's light industries include aluminum products, concrete blocks, paints, mattresses, air conditioning, dairy and poultry products, furniture, plastic bags, paper manufacture, and fiberglass units.
    • Factors hindering the growth of small industries in Bahrain include:
      • Lack of confidence and marketing skills among technical trainees.
      • Difficulty in raising long-term financial backing to start independent manufacturing ventures.

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    Description

    Learn about the Arab Iron and Steel Company's iron pelletizing plant, its production capacity, and its challenges in the 1980s.

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