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Bahrain oil output beats budget forecast
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Sunday, 25 Dec 2011
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It is reported that average output from Bahrain Oil Field topped 42,000 barrels per day in 2011 as compared to the 2011 budget forecast of 27,000 barrels per day.

Dr Abdulhussain Mirza energy minister of Bahrain said that the increase in production generated revenues of more than USD 485 million from January to October 2011, of which more than 80% represents the government's share.

Dr Mirza said that this helped to create more than 400 jobs for Bahrainis, award contracts to local contractors and employ about 3,000 of their workers in oilfield development projects.
(Sourced from www.tradearabia.com)


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