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BUSINESS 5 ASEAN eyes oil reserve, shared grid


Bahrain joins US-led push on Strait security







TDT | Manama Ambassador of Qatar Alya
Ahmed bin Saif Al-Thani said,
ahrain together with the “we look forward to continu-
BUnited States, with the ing our engagement intensively
backing of Kuwait, Qatar, Sau- with Member States to secure
di Arabia and the United Arab the support for this timely Se-
Emirates, circulated a draft curity Council resolution on
resolution earlier this week to guaranteeing the freedom of
the Security Council on the sit- navigation while protecting
uation of Strait of Hormuz. It maritime waterways.”
calls on Iran to cease attacks, initiative reflects our strong and to the peaceful resolution of international community to international law. We're choos- The Ambassadors at the press
mining, and tolling in the Strait commitment to regional secu- dispute,” he said. choose, “are the countries of ing to stand with our partners encounters are US Ambassador
as well as to participate in the rity, to multilateral cooperation, US Ambassador Mike Waltz the Council choosing to stand as we move forward.” Mike Waltz, Ambassador Ja-
UN’s efforts to establish a hu- pointed out that the draft revo- with a regime that slaughters mal Fares Alrowaiei, Bahrain’s
manitarian corridor. lution is “an evolution “of reso- its own people, that brutalize Binding: UAE Permanent Representative to
Speaking to reporters in New lution 2817. It “requires Iran to its neighbors, that strangles the Ambassador of the Unit - the United Nations, Ambassa-
York, Bahrain’s Ambassador Ja- Are the countries of the Council do some very simple, straight- world's economy? Or are they ed Arab Emirates Mohamed dor Mohamed Issa Abushahab,
mal Fares Alrowaiei said, “the choosing to stand with a regime forward things, the Ambassador standing with the shining cities Abushahab said, “while the UAE’s Permanent Represent-
draft resolution is guided by the that slaughters its own people, said, “cease its attacks on com- of Manama, Kuwait City, Dubai, draft resolution does not give ative to the United Nations,
clear principal - freedom of nav- that brutalize its neighbors, that mercial shipping, cease mining Riyadh, Doha with the people any authorization or impose Ambassador Abdulaziz M. Al-
igation in accordance with the strangles the world’s economy? and remove its mines from an that seek a better future for not sanctions on Iran, by acting wasil, Saudi Arabia’s Permanent
international law, as reflected in Or are they standing with the international waterway; cease only their people, but for the under Chapter VII, the Coun- Representative to the United
the United Nations Convention shining cities of Manama, Kuwait tolling, charging illegal tolls in region and for the world?” cil would make clear that its Nations, Ambassador Alya
on the Law of the Sea.:” the Strait of Hormuz, and allow “I know what decision the decisions in this resolution are Ahmed Saif Al-Thani, Qatar’s
Ambassador Alrowaiei em- City, Dubai, Riyadh, Doha with the the UN to move forward with United States is making,” Am- binding and that the Council is Permanent Representative to
phasized that it also supports people that seek a better future for humanitarian aid, lifesaving bassador Waltz reiterated, serious about them, and that it the United Nations, and Ambas-
ongoing efforts to seek durable not only their people, but for the aid, through that international “we're choosing to stand with may consider further measures sador Tareq M. A. M. Albanai,
peace in the region and encour- region and for the world?” corridor.” The US Ambassador the freedom of navigation. if its decisions are not imple- Kuwait’s Permanent Represent-
ages dialog in the regard. “This US AMBASSADOR MIKE WALTZ stated that now it is left for the We're choosing to stand with mented.” ative to the United Nations.
Unleashing













Bahrain denounces Man dies after
falling into sea near
Iran strikes on UAE Ras Zuwayed
TDT | Manama energy, jobs TDT | Manama
ahrain strongly con- 48-year-old Asian man
Bdemned Iran’s missile A died after drowning in
and drone attacks on the the waters off Ras Zuwayed,
United Arab Emirates, call- authorities confirmed yes-
ing them a dangerous act terday.
that violated international His body was later re -
law and threatened regional covered by Coast Guard
stability. New Bahrain Field concession targets deeper oil and gas reserves teams, according to an of-
In a statement issued yes- ficial statement. Officials
terday, Bahrain’s Foreign budget.  It said Bahraini firms said the relevant authorities
Ministry said the attacks • Shura to review and workers also stood to gain. carried out the necessary
injured several people and The agreement includes duties procedures at the scene.
reflected Iran’s continued Jubah and Pre-Tawil on technology transfer, training
threats against the UAE. energy deal for Bahraini staff, preference for
The ministry urged Iran local suppliers and priority for 28-year-old dies in
to respect the sovereignty Mohammed Darwish Bahrainis in jobs tied to the run-
of neighbouring countries, TDT | Manama ning of the operations, including Jasra crash
avoid interfering in their supervisory and management
internal affairs and stop posts.  The decree-law has two TDT | Manama
actions that threaten ship- he Shura Council will articles. The first approves the
ping security in the Strait debate on Sunday a de- concession agreement, while 28-year-old man has
of Hormuz. Tcree-law approving an oil the second deals with its entry A died after his vehicle
Bahrain also reaffirmed and gas concession agreement into force. crashed into a wall in the
its full support for the UAE, for the Jubah and Pre-Tawil  The committee said the ur- Jasra area, the Interior Min-
stressing that the two coun- reservoirs in the Bahrain Field, gency lay in the need to bring istry announced yesterday.
tries share close historic ties after its Financial and Economic the concession into force so ex- The ministry said the ve-
and stand together under Affairs Committee recommend- ploration and later work could hicle veered off the road be-
the Gulf Cooperation Coun- ed passing it. begin under agreed timetables. fore colliding with the wall.
cil’s joint defence agree - The agreement, signed on 6 A delay, it said, would hold up Relevant authorities have
ment, which treats an attack August 2025, is between Bah- capital spending, field work and launched necessary proce-
on one GCC member as an rain’s government, represented the use of Bahrain’s resources. dures and investigations at
attack on all. by the Ministry of Oil and Envi- the scene.
ronment, Bapco Energies B.S.C. First phase
(closed), and EOG Resources Fund in co-ordination with the rel-  The first phase begins once
Bahrain Awali W.L.L. he report said the con- evant bodies.  The committee the agreement takes effect
220 fils (includes VAT)  The committee said the deal Tcession holder must also said this would tie the agree- and covers exploration. Any
would bring large sums into create a social contribution ment to wider public gains, commercial discovery would
the oil and gas sector, lift out- fund for projects in Bahrain, through jobs, training, local then be followed by further
put, make better development including social, educational, contracts and social projects, stages for appraisal and de -
of Bahrain’s natural resources health and similar schemes, alongside the planned oil and velopment, each tied to fixed
and add new income to the state under the ministry’s watch and gas work. dates.
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