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FinancialNews


  • 15-01-18

    Bahrain infrastructure spending to push non-oil sector development

    (MENAFN) NBK Economics' recent report excepted non-oil growth in Bahrain to stay flexible over the following two years while GCC investments maintain a superior infrastructure spending, offset oil sector weakness and preserve an overall growth close to 3%.

    The report also estimated Bahraini oil sector output to stay flat as a result of the OPEC oil production cut, while further oil output cut is to possibly be carried out this year with the compliance 54% rate of last year.

    Despite 2018 flatness, 2019 is expected to bring 1.4% growth in oil activity with a latest 350,000 barrel daily offshore oil pipeline linking Bahrain to Saudi Arabia, replacing the present 230,000 barrel daily pipeline.

    MENAFN1501201800450000ID1096350470

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