Aluminum Bahrain
Bahrain (11/04)
The first Gulf state to discover oil, Bahrain has worked to diversify its economy over the past decade. Bahrain has stabilized its oil production at about 40,000 barrels per day (b/d), and reserves are expected to last 10-15 years. Revenues from oil and natural gas currently account for 16.5% of GDP and provide about 60% of government income. The Bahrain Oil Company refinery built in 1935, the first in the Gulf, has a capacity of about 250,000 b/d. Since 1980, 60% of the refinery has been owned by the Bahrain National Oil Company and 40% by the U.S. company Caltex. Saudi Arabia provides most of the crude for refinery operation via pipeline. Through an agreement with Saudi Arabia, Bahrain also receives a large portion of the net output and revenues from Saudi Arabia's Abu Saafa offshore oilfield. The Bahrain National Gas Company operates a gas liquefaction plant that utilizes gas piped directly from Bahrain's oilfields. Gas reserves should last about 50 years at present rates of c ... [Read More]
Background Notes: Bahrain
Background Notes: BahrainPA/PCSource: Office of Public Communication, Bureau of Public AffairsDate: Nov 28, 199111/28/91Category: Country DataRegion: MidEast/North AfricaCountry: BahrainSubject: Military Affairs, Cultural Exchange, Travel, History, International Organizations, Trade/Economics[TEXT]Official Name: State of BahrainPROFILEGeographyArea: 693 sq. km. (268 sq. mi.); about four times the size ofWashington, DC. Bahrain is an archipelago consisting of 33 islands,only 5 of them inhabited. Cities: Capital--Manama (pop. 122,000--1985 est.). Other city--Al Muharraq. ... [Read More]
Department of State Washington File: Text: USTR Zoellick on Global Trade and the Middle East
Trade with the United States has provided capital and know-how to help Bahrain to grow. Last year, Bechtel won a contract from the Aluminum Bahrain Company, ALBA, for the engineering design and construction management for the company's fifth aluminum production line -- a project worth about $1.7 billion. And Alcoa is in the final stages of negotiating an equity stake in ALBA's projected sixth aluminum line, providing investment capital for a project worth an estimated $1.5 billion. ... [Read More]
Department of State Washington File: Text: USTR Zoellick Goes to Mideast on Mission to Promote Trade
A comprehensive U.S.-Bahrain FTA will generate export opportunities for U.S. goods and increase access for U.S. services providers, creating jobs for U.S. farmers and workers. U.S. goods exports to Bahrain in 2002 totaled $419.2 million, including aircraft, machinery, vehicles, pharmaceutical products, and toys, games and sports equipment. Agricultural commodities that would benefit from an FTA include U.S. meats, fruits and vegetables, cereals, and dairy produce. Bahrain's goods exports to the United States in 2002 totaled $395.1 million, including articles of apparel and clothing accessories, aluminum, fertilizers, organic chemicals, mineral fuels and oils, plastics, and electrical machinery. ... [Read More]
US Department Of State Post Report
Much of Bahrain’s current prosperity can be traced to the discovery of oil in 1932, the first find on the Arab side of the Gulf. Bahrain does not have large oil or gas reserves, and has sought to transform its economy from one dominated by petroleum and petrochemicals to a services-based economy. Bahrain is a regional banking center and is boosting its health, education and tourism sectors. It is also a major producer of aluminum. Bilateral trade between the U.S. and Bahrain exceeds 800 million dollars annually. There are over 100 American firms operating in Bahrain and represent the financial, petroleum, transportation, industrial and computing sectors among others. The American Mission Hospital was established in Bahrain over 100 years ago as the first medical institution on the island and is the oldest continuous link between Bahrain and the U.S. ... [Read More]
USTR Notifies Congress of Intent To Initiate Free Trade Talks With Bahrain
An FTA with Bahrain is an important step in implementing the President's initiative to advance economic reforms and openness in the Middle East and to establish a Middle East Free Trade Area by 2013. U.S. goods exports to Bahrain in 2002 totaled $419.2 million, including aircraft, machinery, vehicles, pharmaceutical products, and toys, games and sports equipment. Agricultural commodities that could benefit from an FTA include U.S. meats, fruits and vegetables, cereals, and dairy products. Bahrain's goods exports to the United States in 2002 totaled $395.1 million, including articles of apparel and clothing accessories, aluminum, fertilizers, organic chemicals, mineral fuels and oils, plastics, and electrical machinery. ... [Read More]
Bahrain
The country has a population of approximately 700,000, an estimated one-third of whom are noncitizens, and many of whom are Asian workers. It has a mixed economy with government domination of many basic industries, including the production of aluminum and the production and processing of hydrocarbons. The country is a regional financial and business center, as well as depends on tourism, particularly via the causeway to Saudi Arabia, as a significant source of income. The Government has used its modest oil revenues to build a highly advanced transportation and telecommunications infrastructure. Higher oil prices in 2000 and much of the year boosted economic growth and provided additional resources for new government projects. Possessing limited oil and gas reserves, the Government is working to diversify its economic base, concentrating on light manufacturing and the service sectors. The Government encouraged private national and international investment with some positive results. Per ... [Read More]
Background Notes Archive - Near East and North Africa
U.S. Department of StateBackground Notes: Bahrain, October 1996Bureau of Public AffairsOfficial Name: State of BahrainPROFILEGeographyArea: 693 sq. km. (268 sq. mi.); about four times the size of Washington, DC. Bahrain is an archipelago consisting of 33 islands, only six of them inhabited.Cities: Capital--Manama (pop. 145,000--1993 est.). Other city--Al Muharraq (81,000--1993 est.).Terrain: Low interior plateau and hill on main island.Climate: Hot and humid from May-September, temperate from October-April.PeopleNationality: Noun and adjective--Bahraini(s).Population (1996 est.): 586,000; 66% indigenous.Ethnic groups: Bahraini 63%, Asian 19%, other Arab 10%, Iranian 8%.Religions: Shi'a and Sunni Muslim.Languages: Arabic (official), English, Farsi, Urdu.Education: Attendance--73%. Literacy (1990 est.)--77% (male 82%, female 69%).Work force (1987 est.): 197,000 (about 44% indigenous, 56% expatriate). Industry and commerce--74%. Services--19%. Agriculture--4%. Government--3% ... [Read More]
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