US oil giant Occidental will begin drilling for gas at the Bahrain Field 'any time now', said a senior government official.
'Cabinet approval for the deal has been received and a royal decree is set to be issued this week,'
The price of natural gas produced at the Bahrain Field is to go up next year, which will affect some of Bahrain’s large industrial companies, according to oil industry sources.
'The price will increase from the present $1.5 per British
Reckless drivers are posing a threat to the region's oil industry, an expert told a major conference in Manama.
There are also fears of serious accidents in Sakhir, where several oil facilities and pipelines are at risk from carefree m
A major deal, allowing the country to have the required technology to tap into the remaining four million barrels of oil from its Bahrain Field could be signed soon.
It will be signed between Bahrain government and a consortium of Occident
Bahrain's negotiations to import gas from Iran reached a crucial stage Wednesday, with an understanding that it would import one billion cubic feet of natural gas a day.
Oil and Gas Affairs Minister and National Oil and Gas Authority c
Three international oil companies have been shortlisted for the development of Bahrain Field, which may lead to doubling of oil production in the country.
The government will set up a joint venture with the selected company, Oil and Gas Af