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...
July 2015 was a time of mixed feelings for the Omani oil industry. On the one hand, there was celebration, as the sultanate broke the 1m barrels per day (bpd) mark for the first time in its history, with average production for the month exceeding the key benchmark. On the other hand, there was disappointment, because this milestone had been...
Companies working in Oman’s oil and gas sector are currently adjusting their operations in line with a government scheme aimed at making more of the extractive industry’s potential to benefit the broader national economy. The scheme, known as the ICV Blueprint Strategy, was unveiled in late 2013 and builds on previous successful practices to...
Two forthcoming infrastructure investments are set to substantially broaden the Omani downstream gas sector, creating opportunities for new export markets and new domestic industries. The two projects, which will see an estimated $3.6bn of investment, will be based at either end of the country. The first, a liquefied petroleum gas plant to be...
Hydrocarbons play a vital role in the Omani economy, comprising almost 50% of GDP and accounting for the large majority of government revenues. While 15 years ago it seemed this contribution was set to decline irrevocably – with production dropping from 970,000 barrels per day (bpd) to 710,000 bpd in the space of just seven years – careful...
Jordan does not hold significant reserves of crude oil and natural gas, and has historically imported the majority of its energy. This has been especially disadvantageous in recent years, as regional volatility has affected gas supplies from Egypt and scuttled a planned pipeline to Iraq, while high oil prices had until recently resulted in the...
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