Back toour markets

Bahrain's Energy Industry

Bahrain

in figures

Oil Reserves124.6 million barrels

Oil Production205,000 bopd

Gas Reserves200 bcm

Gas Production15.1 bcm

Bahrain: Steady Output Offshore

Bahrain’s oil and gas industry is minor compared to neighbouring industries but significant to the country’s energy industry and economy. While it is the smallest oil producer among GCC members, the industry has traditionally made up more than 70% of the nation’s GDP. The sector is run by key state players such as Bahrain Petroleum Company, National Oil and Gas Authority and its investment arm Nogaholding. The country began diversifying and liberalising its economy in the 1970s and now boasts developed non-hydrocarbons sectors such as Islamic banking, tourism and construction.

Most of Bahrain’s oil and gas production are from its onshore Bahrain field and offshore Abu Safah field. The latter field makes up most of the country’s production and is operated by Emeriti NOC Saudi Aramco, with 50% of its revenues transferred to Bahrain. The country made a significant find on its offshore Khalij al-Bahrain reservoir in 2018 that boosted expected reserves significantly by 80 billion barrels.

While the country continues to explore and develop its oil and gas assets, Bahrain aims to have net-zero carbon emissions by 2060. To reach this target, Bahrain aims to produce 710 MW from renewable sources by 2035. Bahrain’s Sustainable Energy Authority was created in 2019 to oversee efficient energy policy and promote renewables in the energy mix. The entity is targeting solar, wind and waste-to-energy facilities to achieve its goals.

Green logistics fuel economic growth in Kuwait Makram Raad
Interview
Kuwait - February 20, 2024

Makram Raad of DHL Express talks about investments in sustainable transportation technologies and helping local businesses grow.

READ MORE
Interview
Kuwait - June 01, 2023

Karol Mathias, executive vice-president and partner at Khalil Bahman & Partners, talks to The Energy Year about the company’s…

READ MORE
TEY_post_Ibrahim-SATTOUT
Interview
Kuwait - June 01, 2023

Ibrahim Sattout, partner at ASAR, talks to The Energy Year about the role that the firm plays in the Kuwaiti oil and gas sector and the attractiveness of the…

READ MORE
TEY_post_Farid-SABER
Interview
Kuwait - June 01, 2023

Farid Saber, assistant group CEO of Gulf Insurance Group, talks to The Energy Year about the group’s key competitive advantages in the regional insurance market and…

READ MORE
Growth in the fire protection business TEY_post_Fire-Direct-Center-–-Paul-SIMKIN
Interview
Saudi Arabia - December 15, 2023

Paul Simkin, general manager of fireDIRECT, talks to The Energy Year about the company’s service portfolio, its specialisations as a fire protection contractor and…

READ MORE
TEY_post_Anurup-Kumar
Interview
UAE - December 13, 2023

Anurup Kumar, executive director of Oren Hydrocarbons, talks to The Energy Year about the company’s footprint within the chemicals market and market trends that have…

READ MORE
A family tradition of industry innovation TEY_post_Manoj-TRIPATHY
Interview
Saudi Arabia - November 07, 2023

Manoj Tripathy, CEO of the industrial and energy division of Yusuf Bin Ahmed Kanoo Group, talks to The Energy Year about how the company – a traditional family…

READ MORE
A transportation leader in Saudi Arabia TEY_post_Majid-AL-MINHALI
Interview
Saudi Arabia - August 14, 2023

Majid Al Minhali, CEO of Pioneers of Global Excellence, talks to The Energy Year about the company’s credentials in the rig-move business, its value proposition in…

READ MORE
A vision for Abu Dhabi’s gas grid Al Fanar_-Moustafa-RASHAD
Interview
UAE - August 08, 2023

Moustafa Rashad, CEO of Al Fanar Gas, talks to The Energy Year about how the company’s one-stop-shop approach has positioned it as a gas distribution leader in the…

READ MORE

 

WHOSE PLATFORM IS THIS?
ASK US

  • Do you have a question for The Energy Year about oil and gas?
  • If we know, we’ll tell you.
  • If not, we’ll ask the experts in the field.