In a move to counter the rising cost of living and fuel prices, Bahrain mulls giving its citizens 100 litres of free petrol every month.

The free proposal, which will be voted on by Council of Representatives, was submitted by the Financial and Economic Affairs Committee.

This comes in the wake of rising fuel prices hitting low and middle-income families, as per local"...

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna today. The private sector in MENA can be an important partner in oil and gas development, helping boost competitiveness in the industry, he added.

“We need new investment models that will create the right incentives for upstream investment in exploration"...

The cost of insuring Bahrain’s sovereign debt against default is at an historical high, amid continuing concerns over the country’s ability to tap international markets to stave off a potential financial crisis.
Bahrain’s credit default swaps went up to 413 basis points last week, surpassing previous peaks of 412 basis points in February 2016, when oil prices were at around $30 per barrel, and a peak of around 400 basis points in early 2012, in the aftermath of the political uprising of the previous"...

Bahrain will select international partners in December 2019 for the production phase of a large oil and gas discovery off its west coast (OGJ Online, Apr. 4, 2018).

Crown Prince Salman bin Hamad Al Khalifa, deputy supreme commander and first deputy prime minister, sketched a timetable for development of the discovery at a June 3 meeting of the Higher"...

Economies in the Middle East ended 2017 on a high note, with a strong final quarter in 2017, despite some short-term weaknesses surfacing in early 2018 - this pattern is in part explained by the rollout of VAT in the UAE and Saudi Arabia and ensuing inflation (3.0% y/y in KSA in January). However, variations in purchasing manager indices (PMIs) both within the UAE (declining in Abu Dhabi, rising in Dubai) and in countries like Egypt and Bahrain, suggest that other factors are also at play.

Richard Boxshall, Senior"...

International companies will be selected to partner with Bahrain for the oil production phase in December 2019, Crown Prince Salman Bin Hamad Al Khalifa has said.

He said that in line with King Hamad Bin Eisa Al Khalifa’s directives to prioritise oil exploration, operations should be expedited and the necessary frameworks be put in place to attract international companies to partner with Bahrain on production activities.

A"...

The Gulf Petrochemical Industries Company (GPIC) held an Annual Family Health and Safety evening attended by Company President Dr. Abdulrahman Jawahery, members of the Executive Management, Deputy Chairman of Labour Union, employees and their families.
Dr. Jawahery thanked the employees and their families for their keenness to attend the event, an occasion for staff to meet as one family during the holy month and to celebrate the Company's efforts and programmes.

He said the even was also an occasion"...

Osaka Gas Engineering Co., Ltd. (OGE), a subsidiary of Osaka Gas Co., Ltd. (Osaka Gas)(TOKYO:9532), has entered into an agreement to provide consulting services on construction of LNG receiving terminals of CPC Corporation, Taiwan (CPC) and Taiwan Power Co., Ltd. (TPC) respectively.

In CPC’s third LNG receiving terminal construction project, OGE will conduct Front End Engineering & Design (FEED) and provide technical consulting services"...

FUELSAVE GmbH is launching a revolutionary efficiency enhancement technology for Diesel (MGO / MDO) and Heavy-Fuel-Oil (HFO) engines on maritime vessels, which has been field & laboratory proven to significantly reduce fuel consumption and save contractually guaranteed 10% of the overall fuel costs, to lower the OPEX and increase profitability, while significantly reducing emissions ( CO2 by 10-15%, FSN by 40%, NOx by 30-70% etc.) for saving the environment and reducing Green House Gases (GHG) with a visible exhaust smoke"...