Bahrain shakes up ownership rules for oil companies as economy stutters

Having announced on 27 May that it had been forced to revise its budget deficit targets upwards, and having recently shied away from some potentially painful austerity measures, Bahrain took steps to regain the reform initiative in early June by announcing that it will allow international oil companies (IOCs) to take 100% ownership of oil and gas drilling activities. The surprise move was revealed by prime minister Khalifa Bin Salman Al-Khalifa in edict number 10, issued on 2 June. 6th June, Issue 1082. Read more

Bahrain's Economic Performance

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Gulf boundaries and hydrocarbons infrastructure

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The Gulf region: economy and society

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Iraqi Kurdistan hydrocarbons infrastructure map

Revised in January 2015, this map provides a detailed overview of hydrocarbons infrastructure in the Kurdistan area of Iraq.

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Crown Prince Mohammed Bin Salman (MBS) has worked hard to remove any possibility of political opposition emerging from within Al-Saud ranks over the past five years. This campaign has involved several bouts of locking up senior family members, with the clear backing of his father King Salman, most notably in November 2017 but most recently in March when Princes Ahmed Bin Abdelaziz and Mohammed Bin Nayef were moved from house arrest to prison.

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