In September 2017 Bahrain announced plans to develop a 100-MW high-tech solar power plant in collaboration with the private sector. This is just the latest in a line of developments related to solar power to come out of Bahrain over the last few years, as the kingdom looks to diversify its energy sources. The tender process for the plant was...
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 United Nations International Trade Statistics Database and the World Bank. In addition, the drive...
With Bahrain’s population and industrial footprint growing at pace, the kingdom has had to expand its electricity infrastructure. According to the Ministry of Electricity and Water Affairs, Bahrain has an available electricity capacity of nearly 3921 MW, with peak demand hitting 3418 MW in summer 2016. At the same time, top estimates have peak...
Offering no major baskets of reservoirs or readily accessible resources waiting for discovery, Oman is generally a challenging geography for oil exploration. With the majority of the country’s onshore sweet oil having been identified and exploited, most of the remaining open concession blocks in the country tend to be better suited to...
Used as a primary fuel resource in power generation, water production, and upstream and downstream hydrocarbons activities, natural gas is central to Oman’s economy. The sultanate has always run at a natural gas capacity shortage and has historically relied on partially state-owned Petroleum Development Oman (PDO) to produce 70% of the country...
The strong headwinds of 2017 in Oman’s oil and gas sector have spurred authorities to develop new sources of revenue. Despite recovering to 2015 levels of $55 a barrel, the steep fall in prices that saw Omani crude fall from $103 per barrel in 2014 to $40 in 2016 has squeezed state finances and added urgency to diversification efforts. On the...
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