Bahrain’s upstream sector has been rejuvenated by a major unconventional discovery offshore its west coast. Further appraisal drilling is planned for this year, with results due in early 2019. The kingdom is dependent on neighboring Saudi Arabia for political and economic support, as well as 80% of its oil “production."
|Crude Output||197||'000 b/d|
|Crude Exports||151||'000 b/d|
|Crude Imports||179||'000 b/d|
|Refining Capacity||267||'000 b/d|
|Refining Throughput||224||'000 b/d|
11 Jun, 2021
New gas discoveries have made Bahrain’s LNG import terminal redundant. In a bid to utilize the infrastructure it is examining the possibility of seasonal gas imports and re-exports to capitalize on price arbitrages. Do the economics stack up?
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