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Questions and Answers
When did the iron pelletizing plant built by AISCO start production?
Why was the iron pelletizing plant closed three months after starting production?
From which companies did AISCO receive orders that led to the restart of production in July 1985?
What was the total output of the iron pelletizing plant in 1985?
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Which company purchased AISCO's fixed assets and restarted production in June 1988?
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Who founded the Bahrain Petroleum Company (Bapco) in 1929?
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What percentage of Bapco's refined products are exports?
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What is one of the light industries mentioned in Bahrain?
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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.
