Energy & Utilities

After several years of stasis due to the Covid-19 pandemic, the kingdom’s energy industry is seeing a renewed pace of activity. Though Bahrain does not produce as much oil as its larger neighbours, the energy industry remains a vital part of the national economy. This has been helped by a large-scale oil and gas discovery in 2018 and the upgrade of the country’s main refinery in Sitra. Bahrain is also beginning to ramp up investment in renewables as it works towards its goal of reaching net-zero carbon emissions by 2060. The spike in oil prices in early 2022 could help to finance Bahrain’s efforts to expand its green energy capabilities.

This chapter contains interviews with Mark Thomas, CEO, nogaholding; and Bassem Battisha, Country Chairman, Chevron Bahrain.