Philippines invite Bahrain investment

Nov 08, 2001 01:00 AM

Philippines President Gloria Macapagal Arroyo has invited the government of Bahrain to invest in gas exploration in the southern part of the country. The president made the invitation during this week's talks with Bahrain Prime Minister Khalifa bin Salman Al-Khalifa.

The investments would be in the development of gas deposits in the Sultan-sa-Barongis region of Mindanao. PNOC holds rights to the area -- which could hold potential reserves of 80 bn cf -- and is currently looking for partners to help in exploration and development.

Source: Energy24
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