RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2018-04-02 09:15:00

BAHRAIN'S NEW OIL&GAS

BAHRAIN'S NEW OIL&GAS

REUTERS - Bahrain said on Sunday it had discovered the country's largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.

The new tight oil and deep gas resource is expected to contain many times the amount of oil produced by Bahrain's existing oilfields, as well as large amounts of gas, BNA reported.

The oil discovery is the kingdom's largest since 1932, BNA said. It did not give any details on the oil reserves discovered.

"Initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil and deep gas," Bahrain's Minister of Oil, Sheikh Mohammed bin Khalifa Al-Khalifa said in a statement.

The small non-OPEC Gulf oil producer gets it oil revenues from two fields: the onshore Bahrain field, and the offshore Abu Safah field, which is jointly shared with Saudi Arabia.

-----

Earlier:

 IMF: BAHRAIN'S VULNERABILITY UP
2017, August, 28, 19:45:00

IMF: BAHRAIN'S VULNERABILITY UP

Bahrain’s fiscal and external vulnerabilities have increased in the wake of the oil price decline. Overall GDP grew 3 percent in 2016, supported by strong growth of 3.7 percent in the non-oil sector aided by the implementation of GCC-funded projects. Average inflation remained moderate at 2.8 percent. Bank deposit and private sector credit growth slowed. The banking sector remains well capitalized and liquid. Despite the implementation of significant fiscal adjustment, lower oil prices meant that the overall fiscal deficit reached nearly 18 percent of GDP and government debt rose to 82 percent of GDP. The current account deficit widened to 4.7 percent. International reserves have declined.

 

 GAZPROM & BAHRAIN LNG
2016, May, 5, 18:50:00

GAZPROM & BAHRAIN LNG

Russian state-owned oil and gas giant Gazprom is currently working to create a liquefied natural gas (LNG) distribution hub in Bahrain. The hub will be meant to intake LNG from various sources, including Russia.

 

 
 
 
 
 
Tags: BAHRAIN, OIL, GAS