Shale Oil Discovery: Miracle for Manama?

Executive Summary

Bahrain’s Higher committee for Natural Resources and Economic Security on April 1 2018 announced discovery of massive offshore oil reserves in the Khaleej Al Bahrain Basin, one of the largest discoveries since 1930’s, when Bahrain first started extracting oil in its history. The tight oil discovery was made in shallow waters off the country’s western coast. The find also contains 14 trillion cubic feet of gas.

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