Oil in Bahrain: Bahrain Oil and Gas Sector Analysis
The future for Bahrain’s oil and gas production industry also looks bright.
imported 2024-03-17 17:43:07
The future for Bahrain’s oil and gas production industry also looks bright.
Peak oil has been predicted for a number of years. During the 60’s peak oil was predicted in the 80’s, in the 80’s peak oil was predicted in the 2000. Currently, Bahrain is increasing the production. View how Dr. Mirza confronts peak oil on Bahrain’s case.
IDAL organized a meeting between the Minister of Economy and Tourism in Curacao Abed Nasser Hakim and Lebanese exporters.
Bahrain is to invest $ 10 Billion aimed to enhance Bahrain’s oil production capacity and to upgrade the existing oil fields using the latest technology. Mr. Al-Mahroos talks about the benefits of the investments, upcoming projects and the investment environment in the oil industry.
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.
Despite the diversification efforts Bahrain remains heavily dependent on oil and the oil prices. The income from the oil related business accounts for over 70% of government’s income.
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Côte d’Ivoire Videos Infrastructure Program 2012 and State of Road Infrastructure in Côte d’Ivoire
Years of malinvestment and internal struggle sinistered with road network in the past 10 to 15 years. Côte d’Ivoire has 6,500 paved roads and around 75,000 dirt and feeder roads; that translates to about 82,000 kilometers of roads.
According to Mr. Fofana, DG of Ageroute, the government has assembled a very ambitious program. Starting from the second half of 2012, the goal is to strengthen and rehabilitate at least 1,000 km of paved roads and 5,000 km of dirt roads per year over the next five years.
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Côte d’Ivoire Videos Transparent Tenders on Infrastructure Projects in Côte d’Ivoire
Côte d’Ivoire, in order to achieve the goals of rehabilitating the whole road network within the next 5-10 years will have to attract large international contractors and engineering firms to bid in large infrastructure projects tenders.
Mr. Fofana, Director General of Ageroute, talks about the tendering process, new anti corruption philosophy of the government and assures investors of greater transparency.