Shale oil find a boon for Bahrain, if it doesn’t torpedo reforms


Views
Issue 1057 - 17 Apr 2018 | 4 minute read

The discovery of a reserve of more than 80bn barrels of shale oil in shallow waters off the west coast of Bahrain, first revealed on 1 April along with some significant new gas finds, could hardly have come at a better time for the Gulf Co-operation Council (GCC) region’s weakest economy. A few days earlier, the government had pulled a planned multi-tranche sovereign bond issue after being spooked by the high returns demanded by investors.

Tagged with:

Pin Energy & industry

Pin Bahrain

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

This article is available to registered users

Login

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News