BJFCo signs aviation fuelling restructuring agreements.
MANAMA: Bahrain Jet Fuel Company (BJFCo) yesterday signed aviation fuelling restructuring agreements at Bahrain International Airport (BIA) aimed at a more streamlined and efficient aviation fuel supply, operation and maintenance process.
A statement said the restructuring is part of the BIA's ongoing Airport Modernisation Programme (AMP).
BJFCo was established in April 2016 as a 50:50 joint venture between The Oil and Gas Holding Company (nogaholding) and Bahrain Airport Company (BAC) following directives to restructure the aviation industry, commencing with the building of new fuel storage depot inside the perimeter of BIA and expanding the fuel hydrant system of the entire airport.
The agreements would enable BJFCo to manage a modern supply chain and logistics network for aviation fuel while fuel tanks will be moved from Arad to BIA.
Signatories include nogaholding, BAC, Bapco, Bahrain Aviation Fuelling Company (Bafco), Air BP, Chevron and BJFCo.
Previously, Bafco was in sole control of civil aviation fuelling and distribution functions, but now the responsibility will be split resulting in more efficient overall operations.
Bapco, Air BP and Chevron have been awarded the right to supply aviation fuel and provide aircraft refuelling services at BIA while the purchase of the hydrant system assets were taken over by BJFCo from its current owners.
BJFCo has awarded Bafco the right to operate and maintain the hydrant system, while a hydrant usage agreement, signed by BJFCo, Bapco, Air BP, and Chevron, grants the entities funding and usage rights concerning the hydrants and a permission agreement sees BAC granting BJFCo the right to use the hydrant system.
The signing ceremony yesterday was attended by Oil Minister Shaikh Mohamed bin Khalifa Al Khalifa, Transportation and Telecommunications Minister Kamal Ahmed, Nogaholding chief executive Dr Dafer Al Jalahma, BAC chief executive Mohamed Al Binfalah, BJFCo chairman Abdul Majeed Al Qassab, Chevron's country chairman in Bahrain and Bahrain Aviation Fuelling Company (Bafco) director Bassem Battisha and Air BP Middle East and North Africa managing director Christian Tabet.
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|Publication:||Gulf Daily News (Manama, Bahrain)|
|Date:||Apr 26, 2017|
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