TOGY talks to Ahmed Al Ebrahim, CEO of Gulf Cooperation Council Interconnection Authority (GCCIA), about increasing electricity exchange volumes, facilitating power…
READ MOREBahrain's Energy Industry
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.
Khaled Alshamlan, CEO of KFH Kuwait, talks about the bank’s strategy for involvement in oil and gas and sustainable finance…
READ MORETotalEnergies has agreed to collaborate with Bahrain's Bapco Energies on optimising operations at its Sitra refinery.
READ MOREIbrahim 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 MOREFarid 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 MOREPaul 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 MOREAnurup 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 MOREYves Kervren, managing director onshore/offshore in the Middle East at TechnipFMC, talks to TOGY about the company’s recent activities in Abu Dhabi and the merger…
READ MORESaudi Arabia, the UAE and Bahrain on Monday morning announced the severing of diplomatic ties with Qatar on accusation of the latter’s alleged support for…
READ MOREMumtalakat, the sovereign wealth fund of Bahrain, is mulling to take part in the initial public offering of Saudi Aramco shares, its CEO on Wednesday.
Speaking in…
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READ MORETOGY talks to Emad Elatreby, general manager of Ali & Sons Marine Engineering Factory (ASMEF). Founded in 2009, ASMEF is an Abu Dhabi-based engineering company that…
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READ MORETOGY talks to Nabil Helou, partner and managing director of Amana Pipeline Construction, about embarking upon large-scale airport projects, a rise in activity in the…
READ MORETOGY talks to Markus Koepsel, general manager of RSA-TALKE. The company specialises in chemical logistics solutions, including liquid bulk services.
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