In May 2016 nogaholding, the investment arm of the National Oil and Gas Authority (NOGA), signed a $570m credit agreement allowing it to move ahead with a $5bn overhaul of the country’s existing refining facility. This move would boost output capacity to 360,000 barrels per day (bpd), up from the 276,676 bpd produced in 2015. Bids were...
What are the major projects going forward this year, and how is Bahrain set apart from others in the region making similar investments?
Although its revenues from oil and gas have fallen, the government of Bahrain is ploughing new investment into the kingdom’s energy sector in the hopes that the broader economy will reap the benefits in the years to come. This counter-cyclical spending is designed to allow a significant increase in refinery capacity and a more secure supply of...
With significant expansion projects in both aluminium and power generation slated for between 2017 and 2020, Bahrain is investing in a new liquefied natural gas (LNG) import terminal that will offer these gas-intensive enterprises greater security of feedstock supply. Although domestic production of natural and associated gas increased by some...
Although its revenues from oil and gas have fallen, the government of Bahrain is ploughing new investment into the kingdom’s energy sector in the hopes that the broader economy will reap the benefits in the years to come. This counter-cyclical spending is designed to allow a significant increase in refinery capacity and a more secure supply of fuel for the country’s aluminium smelters,...
Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy.
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