Over years MEOS has played a major role in oil and gas industry of Bahrain. This event has been credited with creation of a platform where individuals and establishments within oil and gas industry in Bahrain can discuss some major issues like human resource, advancements in technology and demand for products of oil and gas industry at Bahrain.
As per latest reports from oil and gas industry in Bahrain a number of oil and gas projects in middle east are supposed to get delayed in 2009. In Bahrain an oil and gas project worth $2.2 billion is expected to be put on hold. Much of this dire situation that Bahrain oil and gas industry finds itself in is due to global financial recession.
In a new development in Bahrain oil and gas industry Saudi Aramco has planned to substitute and increase a pipeline of oil that runs between Saudi Arabia and Bahrain. This oil pipeline is 71 miles long.
This project is worth almost $350 million and is expected to start by 2011. This information was provided in an official statement issued by Abdul Karim Al Sayed who is chief executive officer of Bahrain Petroleum Co.
This announcement was part of comments made on 19th January 2009 by Abdul Karim Al Sayed when Pipeline Rehabilitation and Maintenance conference got started in Manama, capital of Bahrain.