List of all articles filed under “bahrain-oil-and-gas-interviews” category.
Dr. Mohamed Al Khalifa, Chief Executive of Banagas
We are waiting for a full feasibility study to be completed for what Tatweer’s plans and developments are in future. Then we will hopefully proceed either jointly with Tatweer or one our own if there is more gas available at that time, but the prospect is that there would be extra 150 million standard cubic feet per day.
National Oil and Gas Authority, HE Abdul Hussain bin Ali Mirza, Bahrain Minister of Oil and Gas
Today, the income from oil and gas constitutes about 80% of the government’s revenue. However, we were also the first GCC country to attempt diversification, in the 1960s and 70s. Thanks to those efforts, oil and gas now only constitute 24% of GDP at current prices (and 12% at constant prices).
Dr. Ed Hanley, Chief Executive of Tatweer Petroleum
In 2010, Tatweer spent a total of US$ 345 million through 200 contracts and 1,300 purchases; and created 240 new jobs, with many of them going to young Bahrainis. We are very much positive that our efforts will lead to maximizing the Field production capacity to triple in seven years’ time, reaching 100,000 barrels per day.
Faisal Al Mahroos, CEO of BAPCO (Bahrain Petroleum Company)
Oil provides a major support for Bahrain’s economy. It accounts for 80% of Bahrain’s export revenues and 20% of Bahrain’s GDP comes directly from the oil industry.
Dr. Mohamed Bin Khalifa Al Khalifa, General Manager of Banagas
Banagas is considered one of the most successful companies in Bahrain. After its inception, within 18 months, the investment of our shareholder was reimbursed.
BAPCO Bahrain, CEO, Abdulkarim Al Sayed
BAPCO Bahrain sells on the behalf of the Bahrain Government. The other source of income for the government is from the BAPCO Bahrain refinery. The money BAPCO Bahrain makes as a result of processing crude oil is a source of income for the government. Between what BAPCO Bahrain pays and what BAPCO Bahrain gets from the sale of products, the bigger the margin is the better it is for Bahrain.
