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Bahrain Chamber’s clamp down on ‘ghost’ companies

  Manama / TNS New rules that make it mandatory for all commercial registration holders (CRs) to be members of the Bahrain Chamber of Commerce (BCCI), will help reduce the incidence of ‘ghost’ companies, a top official has said. BCCI second vice-chairman Abdulhameed Al Kooheji told the GDN on the sidelines of the inauguration of a new and improved Client Care ...

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China’s biggest oil field posts 1st-half profit on cost cuts

  Bloomberg China National Petroleum Corp. said its Changqing oil field, the country’s biggest crude and gas producer, rebounded from losses earlier this year to post a first-half profit amid reduced spending. Oil and gas equivalent output from the field reached 26.5 million tons in the first six months of the year, on its way to meeting the 50-million-ton annual ...

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India, US hit upon Indian Ocean natural gas discovery

  AFP Scientists from India, the United States and Japan have struck upon a large natural gas deposit in the Bay of Bengal, the first potentially producible discovery of its kind in the Indian Ocean. A research expedition carried out jointly by the three countries discovered the natural gas hydrate — an ice-like form of the fuel — off India’s ...

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