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Article: Bahrain banks on offshore projects.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ManamaBy K S Sreekumar
Despite the uncertainties posed by the global economic crisis, Bahrain is going ahead full-steam with its offshore projects, the kingdom's Oil and Gas Affairs Minister has said.
As part of the strategy, the kingdom's Oil Ministry has established a joint venture operating company with US major Occidental and the UAE's Mubadala Development Co to drill 3,600 new oil wells over the next 20 years for the Bahrain Oil Field development project, Dr Abdul-Hussain Bin Ali Mirza, who is also the chairman of the National Oil and Gas Authority.
Dr Mirza was giving his keynote address at the second Offshore Middle East ...