Bahrain has announced it has discovered the
largest oil and gas field in the history of the small kingdom, which
unlike its Gulf neighbours is not energy-rich.
Authorities estimate the newfound reserves at "many times" the volume
of Bahrain's only other known oil field, the state-run BNA news agency
BNA did not give details on the size of the new light shale oil and gas find or
on the expected date of the start of production.
Bahrain currently has only one oilfield with several hundred million barrels of
crude reserves. It currently pumps around 50,000 barrels per day (bpd), in
addition to over one billion cubic feet (28 million cubic metres) of natural
The kingdom, which raises around 80 percent of its revenues from oil, receives
another 150,000 bpd from the Abu Safa oilfield which it shares with Saudi
Arabia. (AFP) KUN KUN.