Friday 27 April 2018

Bahrain seeks to lift trade with Russia

Manama, April 17, 2014

Bahrain is seeking to boost trade ties with Russia, particularly in the industrial, oil and gas sector, a report said.

A Russian delegation on a visit to Bahrain held meetings with Industry and Commerce Minister Dr Hassan Fakhro and Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Mohammed Al Khalifa separately, reported the Gulf Daily News, our sister publication.

Dr Fakhro yesterday confirmed the government's keenness to develop economic relations with all countries of the world and take advantage of the scientific and technical experiences of friendly countries to achieve economic growth in Bahrain.

He praised the importance of mutual visits between Bahrain and Russia, notably, the historic visit of His Majesty King Hamad to Russia which resulted in several agreements and understandings in many areas of co-operation and joint action between the two countries.

This came during a meeting with Special Representative of the President of the Russian Federation for Co-operation with Gas Exporting Countries Forum and Gazprom chairman Victor Zubkov, Gazprom secretariat deputy director and assistant of the chairman Alexander Mazilov in the presence of Russian Ambassador Victor Smirnov and a number of Russian delegates representing major Russian companies specialised in the field of agriculture, industry and services.

The meeting also was attended by Bahrain Chamber of Commerce and Industry chairman Khalid Almoayed and a number of businessmen, investors in various fields and ministry officials.

Meanwhile, Shaikh Ahmed also met Zubkov and his delegation and explored several topics pertinent to the oil and gas sector and investments in energy.

They discussed the ways Bahrain could benefit from the expertise of Russian oil and gas companies.

The outcomes of Zubkov's previous visit to Bahrain were followed up, with regard to improving bilateral co-operation especially regarding natural gas, LPG and potential trade between the two countries. – TradeArabia News Service

Tags: Bahrain |

More Finance & Capital Market Stories

calendarCalendar of Events