Bahrain Energy

Chapter | Energy & Utilities from The Report: Bahrain 2022

After several years of stasis due to the Covid-19 pandemic, the kingdom’s energy industry is seeing a renewed pace of activity. Though Bahrain does not produce as much oil as its larger neighbours, the energy industry remains a vital part of the national economy. This has been helped by a large-scale oil and gas discovery in 2018 and the upgrade of the country’s main refinery in Sitra. Bahrain...

After weathering a series of global and regional challenges in recent years, Bahrain is emerging from the Covid-19 pandemic with strong growth, rising government revenue and a new plan for the future economy. As energy and tourism earnings recover, the kingdom aims to generate sustainable long-term growth opportunities through new sector strategies and transformational infrastructure projects.

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After opening 2022 at around $78 per barrel, Brent crude prices rose sharply over the next few months to surpass $127 on March 8 – the highest price in 14 years, driven in part by Russia’s invasion of Ukraine – before moderating slightly to around $106 as of midMarch. Although investment in oil and gas has fallen by about 30% since the outbreak of the pandemic, there are signs...

What role can international companies play in helping to capitalise on opportunities arising from the global green energy transition?

In November 2021 Bahrain became the third GCC member, after the UAE and Saudi Arabia, to commit to reaching net-zero carbon emissions by 2060. Although its current emissions amount to a fraction of those emitted by its neighbours, climate change poses a very real threat to the kingdom. Modelling carried out in 2017 showed that a rise in sea levels of 1.5 metres would see...

Where do you identify the main opportunities and challenges related to Bahrain’s target of reaching net-zero carbon emissions by 2060?

With hydrocarbons-rich countries in the Gulf increasingly looking to reduce their carbon emissions, some in the region are turning to multi-coloured hydrogen as a more environmentally sustainable solution. Along with renewable sources like solar and wind, hydrogen is regarded as a potential low-carbon or zero-carbon fuel that is key to the transition away from fossil fuels....

Oil was first discovered in Bahrain in 1932, making it the oldest oil-producing market in the Gulf region. After several years of stasis due to the Covid-19 pandemic, the kingdom’s energy industry is seeing a renewed pace of activity. Though Bahrain does not produce as much oil as its larger neighbours, the energy industry remains a vital part of the national economy. This has...

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