$13 billion boost for Bahrain oil industry
Manama, August 17, 2008
Bahrain plans to pump a massive $13bn billion to develop its oil industry over the coming two decades. A bulk of it -- $8 billion -- will be invested in exploration and production.
An additional $5 billion will also be spent on modernising Bahrain Refinery, the oldest in the GCC dating back to 1936.
The expansion plans follow directives from Prime Minister Shaikh Khalifa bin Salman Al Khalifa, Oil Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza told Akhbar Al Khaleej, our sister publication. - TradeArabia News service