By utilising technology to maximise value from existing reserves and investing in exploration, Bahrain’s energy sector is working to maintain and even increase levels of oil and gas production. Efforts in this direction have been helped significantly by the recent discovery of a large-scale, unconventional oil and gas reserve, which could substantially boost output over the coming decade....
The Middle East Energy
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Despite its diversified economy, Bahrain has nonetheless faced pressures in recent years as a result of the 2014-15 drop in global oil prices. However, a multibillion-dollar aid package from other Gulf states and an accompanying fiscal adjustment plan, as well as growth following a partial oil price recovery and a major oil and gas discovery, offer hope for an economic turnaround in 2019.
Articles & Analysis | Oman and China agree on increased trade of petroleum from The Report: Oman 2019
The sultanate’s continuing efforts to boost extraction, develop greenfields and refine its processing capacity are largely intended to support trade links that ultimately see the vast majority of its oil consumed far afield from Oman itself. According to data from the National Centre for Statistics and Information (NCSI), of the 265.5m barrels...
Articles & Analysis | Oman's Duqm refinery project to double downstream throughput and increase sector growth from The Report: Oman 2019
In April 2018 the foundation was laid for one of the sultanate’s largest engineering ventures – the $7bn integrated refinery at Duqm. Indeed, according to industry media, its construction will account for some 8% of Oman’s entire GDP in the years preceding its completion in 2022. The refinery will form a key part of the country’s overall oil...
Articles & Analysis | Discovery of oil reserves and new concessions in Oman leverage growth on global indices from The Report: Oman 2019
The oil and gas sector is responsible for much of Oman’s economic growth and government revenue, thus changes in the industry tend to reflect greatly on the sultanate’s overall development. Although recent years have seen progress towards diversification goals, hydrocarbons activity still attracts a large share of domestic and foreign...
Articles & Analysis | Oman's renewable energy projects point the way to a more sustainable future from The Report: Oman 2019
Oman has made some major moves to diversify its energy mix, as indicated by the commissioning of new renewable energy (RE) projects. The sultanate has set a precedent by bringing RE into the oil and gas upstream via new innovative schemes.