To what extent can ongoing investment in hydrocarbons go hand in hand with renewable and alternative energy development? Is Bapco able to leverage relationships with other players in order to achieve its sustainability goals?
Energy
Displaying 1549 - 1554 of 2613
Interviews & Viewpoints | Pete Bartlett, CEO, Bahrain Petroleum Company (Bapco): Interview from The Report: Bahrain 2015
Articles & Analysis | Bahrain upgrades its refinery capacity from The Report: Bahrain 2015
The Sitra Refinery began production in 1936, making it the Gulf’s oldest such facility, and the refinery has undergone frequent upgrades since then. Sitra produces around 260,000 barrels per day (bpd) of refined product. In 2013 the kingdom announced plans to expand the refinery, and at an estimated cost of $9bn the project will be the most...
Articles & Analysis | New investments in Bahrain's energy sector aim to overhaul power generation and increase oil production from The Report: Bahrain 2015
The year 2014 marked the 80th anniversary of oil exports in Bahrain. The resource was first discovered in the Bahrain field in October 1931, and in 1934 the nation began exporting, shipping 285,000 barrels per day (bpd) of oil. Since then, however, production levels have fallen, but efforts are now under way to double output from this field to...
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...
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.
Rising demand for power and disruptions to gas supplies from Egypt have left Jordan struggling to meet its energy requirements, with imports adding to the economic headache.