BANOCO

AcronymDefinition
BANOCOBahrain National Oil Company
References in periodicals archive ?
The Gulf Petrochemicals Industries Company (GPIC), which is owned by the government, Banoco and the Saudi Basic Industries Corporation, has also commissioned a new plant at Sitra to produce urea for fertilisers.
Water wells, gas injection wells and cathodic protection wells with two rigs rated <500 hp owned by Banoco are utilised.
FORMER Banoco engineers and draughtsmen who joined Bapco when the two companies merged in 1999 claim they are being paid up to 40 per cent less than their counterparts.
"The salary for Banoco is less than Bapco," said one employee, who didn't want to be named.
However, they claim the salary differences between the former Banoco and existing Bapco staff were overlooked.
In June 2006, the former Banoco engineers claim they sent letters to former Bapco president Dr Mustafa Sayed demanding pay scale and salary adjustment and backdated pay to 1999.
"Our estimate is that the difference in salaries between former Banoco workers and Bapco could be as much as 40pc," one of the engineers told the GDN.
"We repeated the demands, adding that we wanted more transparency in the privatisation of the production side of Bapco because privatisation will specifically affect former Banoco workers."