Against a backdrop of weaker hydrocarbons prices, Bahrain is stepping up counter-cyclical downstream investments aimed at boosting energy and economic security.
Bahrain Energy
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Economic update | Bahrain ramps up energy spending
13 Nov 2015
Major investments are underway in Bahrain to reinforce the electricity grid and broaden distribution as the kingdom tries to keep up with increasing demand for power.
Economic update | Bahrain’s renewable energy plans
23 Sep 2013
With the Kingdom’s first solar plant scheduled for commission by the end of 2013, and the tender for a second renewable power plant to be announced in the coming months, Bahrain is one of many hydrocarbons producers investing in alternative fuel sources.
The Kingdom is moving toward finalising plans to refurbish its only oil refinery, part of a wider programme that will see the Gulf’s first oil producer increase its focus on value-added downstream activities, rather than depending on its ever-decreasing reserves for revenue.
The Kingdom has edged one step closer to developing a viable alternative energy infrastructure with its implementation of a solar energy project in the Awali Township of Manama. The 5MW, utility-scale photovoltaic solar facility was arranged as a joint venture between the National Oil and Gas Authority (NOGA), the Bahrain Petroleum Company (BAPCO), Caspian Energy Holdings and Petra Solar.
Economic update | Bahrain: Tapping new energy sources
15 Feb 2012
Demand for energy is growing, suggesting the economy is gaining momentum and prompting the Kingdom to boost local production while putting in place plans to secure imported supplies to meet any shortfall. Analysts forecast the Bahraini economy will pick up in 2012 and beyond, with ratings agency Standard & Poor’s predicting in January that GDP will expand by 3.5% this year.
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