Oil and gas remain key to Bahrain’s economy, with 87% of government revenues generated from hydrocarbons in 2012 and the oil sector growing robustly in 2013, posting 15% real GDP growth. While falling oil prices are a concern in the short term, the kingdom is looking to boost oil production in the medium term. Efforts are under way to double the output of the Bahrain field by 2020 through the...
Bahrain Energy
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As the region faces up to the challenge of the recent drop in oil prices, Bahrain’s fundamentals indicate the kingdom is well positioned to weather the dip. The focus on diversification goals outlined in Economic Vision 2030 is helping establish a more competitive and sustainable economy in the kingdom. The financial sector, which represents Bahrain’s second-largest GDP contributor, has continued to recover robustly since the global economic downturn.
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.
Articles & Analysis | Outside the box: Solar and wind energy stand out as alternative sources of power from The Report: Bahrain 2013
While Bahrain’s oil industry still plays a major role in the economy, the government has recognised the importance of building up other sectors and first initiated a diversification strategy several decades ago after a period of peak oil production. More recently the government has also emphasised the need to develop alternative energy sources. This...
Articles & Analysis | On the grid: Fibre optics and an expanded transmission system are in the works from The Report: Bahrain 2013
The kingdom’s power sector is undergoing a number of significant upgrades focused on the electricity network and distribution system. With projects ranging from the construction of transmission substations to the installation of fibre-optic cabling, the suite of planned and ongoing projects should notably increase the overall security of Bahrain’s...