- Title: BAHRAIN: Country hosts major oil and gas exhibition
- Date: 17th March 2009
- Summary: MANAMA, BAHRAIN (MARCH 16, 2009) (REUTERS) MIDDLE EAST OIL AND GAS EXHIBITION CENTRE MEOS OPENING CEREMONY, SHEIKH AISI BIN ALI, ADVISOR TO BAHRAIN'S PRIME MINISTER ON OIL AND INDUSTRY CUTTING RIBBON VARIOUS OF EXHIBITION QATAR PETROLEUM STAND (SOUNDBITE) (Arabic) HAMED AL MARWANI, HEAD OF INDUSTRIAL RELATIONS FOR QATAR PETROLEUM'S CHEMICAL FERTILISER'S DEPARTMENT, SAYI
- Embargoed: 1st April 2009 13:00
- Keywords:
- Location: Bahrain
- Country: Bahrain
- Topics: International Relations,Energy
- Reuters ID: LVA1HCPED6C3ABRRN3YOOND5JXAS
- Story Text: Bahrain opened the 16th Middle East Oil and Gas Show on Monday (March 16). The event, which groups together some of the world's biggest energy companies, has become a platform to discuss the industry's major issues and provide support for technological innovation.
It runs in parallel to a MEOS technical conference organised by the Society of Petroleum Engineers, which started on March 15 andMarch
"Qatar Petroleum's participation lends support to this exhibition and conference in the region. The conference is seeking out and promoting the latest technological advancements in the production of oil, and is thereby showing support for the Petroleum Engineers Society that just opened an office in Qatar," said Hamed al Marwani, Head of Industrial Relations for Qatar Petroleum's Chemical Fertiliser's Department.
With oil falling by 4.5 percent to around 44 dollars a barrel on Monday (March 16), MEOS delegates will have much to discuss as the Gulf, the world's top oil producing region, sees profits on oil exports continue to plummet.
However most companies like Chevron and Kemet International are also keen to keep up with technological advancements and interested in piercing the competitive market themselves.
"Chevron is keen to participate in such events, and this particular one is one of the premier technical events in the region, and Chevron is usually one of the main sponsors and main participants bringing and showcasing our technology and our relationship in this region and also throughout the world," said Chevron's Head of Operations in Saudi Arabia, Mohammed al Murri.
"This is the first time Kemet exhibits at MEOS. We are involved in refurbishing mechanical seals and gate valves and we wanted to attend MEOS to fully penetrate the Middle East market", said Kemet International Sales Manager, Andrew Riedel.
Bahrain itself is a small oil producer. Its Awali onshore oilfield discovered in 1932, was the first oil find on the Arab side of the Gulf.
U.S. firm Occidental signed a deal on Sunday (March 15) to overhaul Bahrain's Awali onshore oilfield. Officials said the deal aimed to raise output at the field to 100,000 barrels per day (bpd) from about 35,000 bpd.
Aside from Awali output, the country also receives about 150,000 bpd of crude from Saudi Arabia, its share of output from the Abu Saafa oilfield. - Copyright Holder: REUTERS
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