Bahrain Moves to 100% Foreign Ownership of Oil Spill Service Companies

The Bahraini cabinet approved full ownership of oil spill service companies by foreign firms and investors on October 29, Trade Arabia reported.

The approval was granted based on a proposal by the Minister of Oil Sheikh Mohammed bin Khalifa Al Khalifa and a memorandum submitted by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani.

The cabinet meeting was chaired by Bahraini Prime Minister Prince Khalifa bin Salman Al Khalifa and attended by Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander, and First Deputy Premier.



from News – Egypt Oil & Gas https://ift.tt/2Jp6Mvp




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