Pension Fund Considering Investing 100 Million Dinars in Oil Exploration
2018-08-11 - 11:34 p
Bahrain Mirror: The Chairman of Osoul Company (investment wing of the Social Insurance Authority), Rashid Al-Mir said the company is considering investing in a project with the Ministry of Oil worth about one billion dollars, in which the company's contribution will be 5-10% in total (50-100 million dinars) .
Al-Mir said that the company is currently working in coordination with the Ministry of Oil on how to invest in the project, noting that the idea is still in the process of study and theory.
He pointed out that the talk discussed by the press on investment in the oil sector worth one billion dollars is a fallacy, stressing that the Ministry of Oil did not take from the Authority any amounts for investment in any sector.
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