How are oil refining investments likely to affect the development of downstream industries?
How are oil refining investments likely to affect the development of downstream industries?
While Bahrain has pushed successfully to become one of the most diversified economies in the Gulf region, petroleum products still make up a significant share of the country’s total exports: 50% of all exports in 2016, according to data from the UN International Trade Statistics Database and the World Bank. In addition, the drive to establish a flourishing industrial base, coupled with...
Several new projects will expand Bahrain’s power generation capacity, as the kingdom aims to meet rising demand from both residential and industrial consumers.
What are the major projects going forward this year, and how is Bahrain set apart from others in the region making similar investments?
In May 2016 nogaholding, the investment arm of the National Oil and Gas Authority (NOGA), signed a $570m credit agreement allowing it to move ahead with a $5bn overhaul of the country’s existing refining facility. This move would boost output capacity to 360,000 barrels per day (bpd), up from the 276,676 bpd produced in 2015. Bids were...
Although its revenues from oil and gas have fallen, the government of Bahrain is ploughing new investment into the kingdom’s energy sector in the hopes that the broader economy will reap the benefits in the years to come. This counter-cyclical spending is designed to allow a significant increase in refinery capacity and a more secure supply of...
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