Check out the Top Political & Economic Comments on Viability of New Oil Discovery
Despite the difference in the political and economic perspectives of most of those who commented on the new oil discovery in Bahrain, the majority completely agrees that there is a lack in technical information regarding the new field and its investment.
Saudi Ambassador Congratulates Bahraini King on “Oil Discovery”
Saudi Ambassador to the Kingdom of Bahrain sent on Sunday (April 8, 2018) a cable of congratulations to King Hamad bin Isa Al Khalifa marking the discovery of the largest oil field in Bahrain.
Reuters: Bahrain’s Bapco Approaches Banks for Multi-Billion Refinery Expansion
State-run Bahrain Petroleum Company (Bapco) has approached banks to sound their appetite for the financing needed to back the capacity expansion of the existing Sitra oil refinery, a project expected to cost well in excess of $5 billion, sources familiar with the matter said.
Bahrain Says Found 80 Billion Barrels of Oil in New Field
Bahrain's Oil Minister said the amount of tight (light crude) oil discovered recently in the new oil field could exceed 80 billion barrels.
Bahrain Expects to produce 200,000 bpd from New Oilfield - Paper
Bahrain expects to produce 200,000 barrels per day from its newly discovered oilfield, the daily Al-Ayam reported on Wednesday.
PM Demands “Economic Feasibility” for New Oilfield
Prime Minister Khalifa bin Salman Al Khalifa gave directives to continue the exploration and excavation works and to expedite the completion of the technical studies and the economic feasibility of the extractable quantities to start the production process from the new oilfield that Crown Prince Salman bin Hamad Al Khalifa announced its discovery 2 days ago.