What strategies are being developed to encourage market-based energy prices in the future?
Bahrain Energy
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Interviews & Viewpoints | Abdul Hussain bin Ali Mirza, Minister of Energy: Interview from The Report: Bahrain 2016
Articles & Analysis | New initiatives expand use of green energy in Bahrain from The Report: Bahrain 2016
With over nine hours of sunshine a day for eight months of the year, Bahrain would appear to be an obvious location in which to pursue solar power as a renewable energy option. Looking to harness this readily available resource, the country has already taken its first steps in establishing a renewable energy strategy and is creating a watchdog...
Articles & Analysis | Innovative oil recovery methods boost production in Bahrain from The Report: Bahrain 2016
The composition of Bahrain’s GDP compared to the five other GCC member countries, shows that while the energy sector remains the single largest contributor to national production, at just under a quarter of GDP, Bahrain is leading the way on economic diversification. An IMF discussion paper on economic diversification in GCC countries,...
Although the global drop in crude oil prices is a concern, the early adoption of economic diversification efforts has created positive growth trajectories in non-oil sectors in Bahrain, such as construction and transport. Hydrocarbons continue to form the bulk of government revenues in Bahrain, with oil and gas accounting for 24.1% of Bahrain’s GDP in 2014. Neighbouring Saudi Arabia...
Low oil prices will undoubtedly continue to be a significant challenge for Bahrain in 2016. However the kingdom’s early moves to diversify its economy mean the country is well placed to weather the storm and non-oil segments are expected to continue performing well in 2016.
Economic update | Bahrain ramps up energy spending
13 Nov 2015
Against a backdrop of weaker hydrocarbons prices, Bahrain is stepping up counter-cyclical downstream investments aimed at boosting energy and economic security.