Bahrain’s advanced oil sector stressed

Manama,: His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at Gudaibiyah Palace today Minister of Oil Shaikh Mohammed bin Khalifa bin Ahmed Al Khalifa who introduced to him the new Board of Directors of Bahrain Petroleum Company (Bapco), chaired by Dr. Dawed Naseef.

HRH the Premier congratulated them on their appointment, wishing them every success in developing the company and boosting its role in serving the national economy. He stressed the kingdom’s advanced economic sector which copes with the latest global systems, pointing out that promoting investment in the oil industry backs the government’s development trends in increasing oil revenues and diversifying other ones. He praised Bapco as an honourable image for Bahrain and a story of success underlining the Bahraini people’s high competence.

HRH the Prime Minister underscored the role of the oil sector as a main tributary for the national economy, stressing the government’s keenness to pump more investments into it through more giant development projects to increase production and attract international companies. He lauded the experience and distinguished capabilities of Bapco new Board of Directors, expressing confidence in their ability to further develop the company. He described the oil industry in Bahrain as a source of pride for its role in supporting economic activities and fast-tracking growth in Bahrain. He called on Bapco new Board of Directors to continue working on developing the company and boosting its productivity in tune with the company’s status as one of the national economic edifices.

HRH the Premier listened to a briefing by the Oil Minister and Bapco new Board of Directors on the oil projects carried out and progress in the modernisation work of the refinery.

The Oil Minister expressed thanks and respect to HRH the Prime Minister for his interest in the oil sector and keenness to develop it to promote its role in supporting the national economy. He also stressed keenness of the Oil Ministry and Bapco to carry out HRH the Premier’s vision to upgrade the oil sector in Bahrain.

Source: Bahrain News Agency