Qatari gas to Bahrain

Ruler of Qatar Sheikh Hamad Bin Khaleifa al-Thani on Wednesday at his office in Bahrain received the minister of oil in Bahrain Sheikh Issa Bin Ali al-Khaleifa.

Brotherly relations between the two states as well as fields of bilateral cooperation especially in the area of gas and oil were reviewed.

The meeting was attended by Abdullah Bin Hamad al-Ateyah and the Bahraini charge de affairs to Qatar Fouad Salman al-Mu'awedah.

Sheikh Issa Bin Ali, al-Ateyah and chairman of Axon Mobile for the Middle East signed a memorandum of understanding to provide and sell the Qatari gas to Bahrain.

The memorandum states preparing a study to invest the gas to be carried out by a committee formed by sides concerned in order to reach am initial agreement and then to conclude a long-term selling and buying agreement.

However, the said memorandum comes as part of the cooperation protocol in the area of oil and gas signed in September, 2001. Qatar had signed an agreement with Axon Mobil in May 2000 for development and participation in the production of gas which is expected to be 1.75 billion cubic meters per day of gas for local consumption and for exports to neighboring markets.