Outlook upbeat for oil industry

This year is likely to be a better one than last year for the oil industry, said experts after an in-depth discussion on the oil and gas industry hosted at the Capital Club in Bahrain. Three of Bahrain's influential experts provided a market review, outlook, developments and challenges; and shed light on the investment climate for the region's primary industry,  reported the Gulf Daily News, our sister publication. The panel consisted of industry leaders, including nogaholding chief executive Shaikh Mohamed bin Khalifa Al Khalifa, Bapco strategy and business development general manager Dr Dawood Nassif and Saudi Makamin general manager Mohammed Al Dandani. The general consensus of the panel was that 2013 is expected to improve slightly compared to last year, with the exception of Europe, said the report. Several game-changers in the industry are anticipated to help stabilise the energy process, including shale gas, tight oil and liquefied natural gas, and several initiatives in terms of oil and gas projects are being launched in Bahrain. Capital Club's monthly Business Forum series focuses on topics that affect the business community. The next event on March 26 will tackle the business of the media, featuring Minister of State for Information Affairs Sameera Rajab. TradeArabia