12 Feb 2008
(MENAFN) Bahrain’s Oil and Gas Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza said that that Bahrain Oil Field’s daily output could exceed to 70,000 barrels within five years, Gulf Daily News reported.
He also announced that more than 600 new oil wells would be drilled in the next five years, with 17 new oil wells and four gas wells scheduled to be drilled this year alone.
Under the action plan, Bahrain’s gas production is expected to soar to 2.6 billion cubic feet. Dr Mirza said that Bahrain’s oil and gas reserves are sufficient for the next 100 years.
The search for alternative sources of energy does not mean that these reserves will run out in the near future, he indicated.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more