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Bahrain Economic Development Board

bahrainedb.com

Founded Year

2000

About Bahrain Economic Development Board

The Bahrain Economic Development Board provides entrepreneurs with information, guidance, and support necessary to start a business in Bahrain.

Headquarters Location

Arcapita Bahrain Bay, Building 551 Road 4612, Block 346

Manama,

Bahrain

+973 17 58 99 99

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Latest Bahrain Economic Development Board News

Bahrain-India ‘have mutual opportunities in oil sector’

Jan 19, 2024

Posting on social media platform X, India’s Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri yesterday said he met Bahrain Economic Development Board adviser Iain Lindsay and Bapco Energies group chief executive Mark Thomas Staff Writer, Gulf Daily News January 19, 2024 India, as the world’s fourth largest refiner, and Bahrain, which is upgrading its Sitra refinery, were identified as having significant mutual opportunities in the oil and gas sector during key meetings on the sidelines of World Economic Forum’s 2024 annual meeting in Davos. Posting on social media platform X, India’s Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri yesterday said he met Bahrain Economic Development Board adviser Iain Lindsay and Bapco Energies group chief executive Mark Thomas. “We also discussed how with India’s investment opportunity in the refinery cum petrochemical sector as well as 2G/3G biofuels refineries, companies from both sides can fruitfully engage in this sector,” he added. India has current refining capacity of 254 million metric tonnes per annum. Set to go onstream this year, Bapco’s modernised refinery will have an increased refining capacity from 267,000 to 380,000 barrels per day (bpd). It will also produce higher-value products such as petrol, diesel and jet fuel, reduce the refinery’s environmental footprint and make Bapco a more competitive player in the global refining market. The two sides discussed potential joint ventures, investments and trade agreements. Speaking during a panel discussion within WEF 2024, Mr Puri said energy and geopolitics have become increasingly interlinked. “Countries are openly competing to diversify their global energy supplies, including oil, gas and clean energy solutions, while enhancing the resilience of their energy supply chains, both geographically and for critical minerals.” Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( Syndigate.info ). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here . DISCOVER MORE

Bahrain Economic Development Board Frequently Asked Questions (FAQ)

  • When was Bahrain Economic Development Board founded?

    Bahrain Economic Development Board was founded in 2000.

  • Where is Bahrain Economic Development Board's headquarters?

    Bahrain Economic Development Board's headquarters is located at Arcapita Bahrain Bay, Building 551, Manama.

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