Monday, 18 January 2010

Bahrain to launch new oil company

A Bahrain-UAE-US oil development company will be opened on Wednesday.

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Economic Development Board chairman, will inaugurate the firm at the site of Bahrain's historic first oil well at Jebel Dukhan.

The new firm, Tatweer Development Company (Tatweer Petroleum), is a joint venture between Bahrain, UAE and US firms.

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