Bahrain spares no effort in upgrading its oil industry and bringing it up to date with the latest technologies and maximise returns for the benefit of the national economy, Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, has said.
He was speaking after inaugurating the 21st Middle East Oil & Gas Show and Conference (MEOS 2019) at the Bahrain International Exhibition and Convention Center.
HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister, had nominated Shaikh Khalid to inaugurate the event, organised by the Society of Petroleum Engineers (SPE), the Arab Exhibition Management Company and in cooperation with the National Oil and Gas Authority (NOGA) and supported by a number of regional and international oil companies.
Shaikh Khalid said investment in the oil and gas sector is important for diversifying the industrial base and opening up new horizons for the oil industry, maximising its revenues, said a Bahrain News Agency report.
He expressed his sincere thanks and appreciation to HRH the Prime Minister for patronising this conference and the accompanying exhibition.
He conveyed the greetings of HRH the Prime Minister to the organisers and participants of the exhibition and wished them success in contributing to the development of the oil and gas industries.
Shaikh Khalid stressed that the oil sector is of great interest to the government under the leadership of HRH the Prime Minister, who spares no effort in upgrading it.
Shaikh Khalid toured the exhibition, where he was briefed about the latest products related to the industry. He praised the excellent organization of the exhibition and its good reputation that helped attract major global companies and regional and international oil institutions to participate in the show.
Meanwhile, Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, thanked Shaikh Khalid for the opening of the event, which is one of the largest in the Middle East.
The oil minister said despite the current challenges and fluctuations in oil prices, investment in the oil industry is still promising and continues to evolve.
Bahrain is keen to develop the oil industry to enhance its ability to achieve returns that contribute to promoting the national economy, he said.
More than 200 exhibitors from 25 countries, including various international oil companies, are taking part in the exhibition.