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00:00 We have a major project in the expansion of the Pabco plant, which is estimated to be
00:06 worth $7 billion, and it is in the final stages of implementation.
00:10 The important news is that we have started in the facilities, and by the end of this
00:16 year, we hope to be able to start in some processing units, and we will continue throughout
00:22 2024.
00:23 Production in Bahrain is more than 40,000 barrels per day of dry material, and the
00:28 Bahrain production is part of the Saudi Aramco partnership in Abu Sa'fa, and we produce
00:34 about 300,000 barrels per day, and we produce 150,000 barrels per day, and we produce 2
00:40 billion and 200 million cubic meters of natural gas per day.
00:44 Our investments will look different from what they have historically been.
00:48 We had a major investment in Bahrain oil in 2024 with the Seismic campaign, which was
00:54 the largest Seismic campaign in the Kingdom, and we look at renewable energy such as solar
01:00 energy.
01:01 The Kingdom of Bahrain produces about 39 million tons of carbon emissions per year, and we
01:07 look at the collection and storage of carbon dioxide as a way to isolate some of these
01:13 emissions.
01:14 We look at the increase in the budget, and we look at the increase in the budget for
01:20 most companies, and we look at the transition of some of our assets to cash or withdrawal
01:26 from some of our assets.
01:28 We have been in the middle of the past two years in the world standards for governance
01:34 and quality in the company, and we are trying to act like a global oil company.
01:40 Recently, we have been able to reach an agreement on our operating strategy, and this is encouraging
01:46 companies, the 15 subsidiaries that we have, and we have encouraged them to four companies
01:52 and we are establishing three new companies.
01:55 We operate as a single integrated company.