Bahrain Targets Three Giant Projects in Transportation System

Bahrain Targets Three Giant Projects in Transportation System
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Bahrain Targets Three Giant Projects in Transportation System

Bahrain Targets Three Giant Projects in Transportation System

Bahrain's transportation and telecommunications minister Kamal bin Ahmad said that his country is working on three giant projects; King Hamad Causeway, the train project, and Bahrain International Airport.

He affirmed that the first phase of King Hamad Causeway, connecting Bahrain to Saudi Arabia, is going as planned and is expected to be completed in September 2019.

Bin Ahmad told Asharq Al-Awsat newspaper that a bid was issued to appoint the main advisor of the project to develop the bridge and the railway between Saudi Arabia and Bahrain. He added that with the completion of King Hamad Causeway and the railway there will be a transitional leap in the transportation sector.

The project will reinforce individuals’ movement and will provide several destinations for transportation – subsequently, this would positively reflect on the national economy and would develop new patterns of transportation as well as create job opportunities.

He continued that the project to upgrade the airport grants Bahrain a wider airport that is capable of assimilating a greater number of passengers – the airport will also be equipped with facilities that give travelers unique and world-class services and experiences.

Commenting on Bahrain International Air Show, the minister said that the space of the exhibition was 100% doubled this year. This year’s edition has witnessed a record raise on several levels in which the rate of participating firms reached 47 percent.

This year’s edition of Bahrain International Air Show 2018 witness the attendance of 187 companies – the event will provide a hall for exhibitions offering around 120 platforms for companies to be able to showcase their latest products and commodities in the aviation field.



Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
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Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

OPEC+ members Iraq, Saudi Arabia and Russia agreed in a meeting in Iraq on Tuesday on the importance of maintaining stable oil markets and fair prices, Iraq's Prime Minister Office said on Tuesday.

The talks come ahead of Sunday's meeting of OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, where OPEC+ sources say it will weigh a possible further delay to plans to raise oil output.

Iraqi Prime Minister Mohammed Shia al-Sudani, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, and Russian Deputy Prime Minister Alexander Novak attended the meeting.

They discussed "the conditions of global energy markets and matters related to the production of crude oil, its flow to markets, and meeting demand," the prime minister's office said, Reuters reported.

"The importance of maintaining stability, balance, and fair prices was emphasised, while stressing the vital role played by the OPEC+ group in this regard," the office added.

Russian energy minister Sergei Tsivilev and deputy energy minister Pavel Sorokin were also present, according to a photo posted on the X account of the Iraqi prime minister's media office.

OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months this year because of falling prices, weak demand and rising production outside the group.

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in a $70-$80 per barrel range this year and on Tuesday were trading below $74 a barrel, not far above a 2024 low reached in September.

Azerbaijan's Energy Minister Parviz Shahbazov told Reuters on Monday OPEC+ may at Sunday's meeting consider leaving its current oil output cuts in place from Jan. 1. The meeting will be held online, OPEC+ sources said.