Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
- IMF lowers Oman's GDP growth forecast to 2.3% for 2025
- Bahrain All Share Index, Islamic Index close lower
- Gulf Bank issues its fifth Annual Sustainability Report for 2024
- BRICS ministers meet in Brazil over Trump trade policies
- Continuing excellence and driving innovation key pillars of NBK's success: Shaikha Al-Bahar
- Borouge to boost production capacity to 6.6m tonnes
- Bitcoin surges back above $95,000 as institutional interest & economic uncertainty drive growth
- Qatar Stock Exchange index rises by 12.86 points at start of trading
- World-scale Dukhan solar power plant to become operational by 2029: Al-Kaabi
27/06/2009 00:00 AST
U.S. oil company Occidental Petroleum Corp and Canadian Natural Resources have submitted bids for Bahrains deep gas exploration project, the Gulf states top oil official said on Thursday.
Abdul-Hussain bin Ali Mirza, head of Bahrains National Oil and Gas Authority (NOGA), told news agency Reuters the bids of the two companies were opened on Thursday and would be reviewed by NOGA and Bahrain Petroleum Co.
The deal will be awarded by the end of the year, he said.
The Gulf island state wants to develop onshore natural gas fields at a depth of up to 6,096 metres below sea level to meet rising domestic demand.
The country consumed 1.3 billion cubic feet of gas per day in 2007 and expects consumption to rise to 2 billion cubic feet per day in about 10 years.
It has also held talks with Gulf neighbours Qatar and Iran about importing 1 billion cubic feet per day.
Reuters
| Ticker | Price | Volume |
|---|
29/04/2025
The International Monetary Fund (IMF) has revised down its real GDP growth forecasts for the GCC countries, including Oman, as well as for the wider Middle East and North Africa region. The downward
Muscat Daily
29/04/2025
Qatar's world-scale 2,000-megawatt Dukhan solar power plant will become operational by 2029, HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi said Monday.
Speaking at a
Gulf Times
29/04/2025
Three major companies in the UAE , namely IHC, ADQ and First Abu Dhabi Bank, said on Monday that they plan to launch a new stablecoin backed by dirhams.
To be regulated by the Central Bank o
Khaleej Times
29/04/2025
Saudi Arabia's Eastern Province is leading the Kingdom in attracting foreign direct investment, with the value of its FDI stock standing at SR366 billion ($97.6 billion) - 42 percent of the country's
Arab News
29/04/2025
The Ministry of Commerce and Industry (MoCI) announced that new investments in the industrial sector reached QR50mn during the first quarter of this year.
The announcement came during the mi
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia