‘Landmark find’
Manama : Describing the new oil and gas find as a ‘landmark’ in Bahrain’s history, His Majesty King Hamad bin Isa Al Khalifa yesterday stressed that the discovery will inaugurate a new era in which the Kingdom will carry on with its developmental programmes along with its efforts to boost non-oil revenue.
The Kingdom, HM the King said, will use the new resources to fulfil the aspirations of its people by “ensuring the optimal use of financial resources to achieve sustainable economic growth.”
HM, the King also said that the Kingdom had launched a set of mega projects in the sectors of oil, gas, infrastructure, transportation and information technology “to generate promising job opportunities for all Bahraini citizens”.
His Majesty said this while receiving His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander, First Deputy Prime Minister and Chairman of the Higher Committee for Natural Resources and Economic Security at the Al Sakhir Palace.
“Some policies had led to the non-discovery of new oil fields since 1932,” HM the King told the meeting highlighting the discovery of oil in Bahrain in 1932 during the era of the late HH Shaikh Hamad bin Isa Al Khalifa.
Terming the new discovering as “the largest in the Kingdom’s history”, HM the King said it has “filled the hearts of Bahrainis with joy and happiness.”
Bahrain had intensified efforts to intensify oil and gas exploration and excavation works, following a directive issued by His Majesty the King.
“The new discovery will reflect positively on the Kingdom’s international standing and ensure the continuity of its comprehensive development march for all its citizens, as well as for the coming generations,” HM the King stressed citing Kingdom’s leadership in medicine, education, industry, finance and health services.
In this regard, HM the King expressed heartfelt thanks to HRH the Crown Prince, the Chairman of the Higher Committee for Natural Resources and Economic Security, the Oil Minister, Shaikh Mohammed bin Khalifa Al Khalifa, and the work team of the national oil companies for their success in attaining such a landmark discovery.
HM King Hamad also extended sincere thanks and appreciation to brotherly countries for support.
On the occasion, HRH the Crown Prince presented HM the King with a sample of the production from the Khaleej Al-Bahrain Field.
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