Bahrain Oil and Gas Report - Business Monitor International - Industry Reports

Bahrain Oil and Gas Report

Bahrain Oil and Gas Report - Business Monitor International - Industry Reports
Bahrain Oil and Gas Report
Published Oct 01, 2016
77 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

---- completion date is a two-year delay to the original upgrade timeline, which targeted completion by ----. We have modified our Bahrain forecast to reflect this delay, pushing back a ramp-up in refined fuels production to ----. ...We have modified our Bahrain forecast to reflect this delay, pushing back a ramp-up in refined fuels production to ----. In reaction to the low oil prices and its unsustainable fiscal dynamics, Bahrain has finally increased refined fuel prices late ----/early ----, and notably for gasoline prices, a first in the past -- years. We slightly adjusted out refined fuels consumption forecast in reaction. ...The addition of LNG imports has also significantly strengthened Bahrain s domestic gas consumption outlook, which was previously restrained by supply. We now forecast gas consumption averaging -.- y-o-y for the next -- years; this compares to our previous forecast of -.- , with LNG imports supporting the greater use of gas in industry.

...We highlight the following trends and developments in Bahrain s oil and gas sector: Redevelopment work (new wells, enhanced oil recovery and improved oil recovery) undertaken at the Bahrain field are boosting oil production at the mature field. While we expect some success, the low permeability of the heavy oil reservoirs, among other issues, have led us to anticipate delays. ...After initial doubts on whether the refinery expansion would proceed, in June ----, BAPCO opened a tender to boost refinery capacity, with closing date of October ----. The expansion project, expected to entail an investment of about USD-bn, aims to increase processing capacity of the oil refinery from the existing ---,--- barrels per day (bpd) to ---,--- bpd, under the BAPCO Modernisation Programme. After initial doubts on whether the refinery expansion would proceed, in June ----, BAPCO opened a tender to boost refinery capacity, with closing date of October ----. ...The expansion project, expected to entail an investment of about USD-bn, aims to increase processing capacity of the oil refinery from the existing ---,--- barrels per day (bpd) to ---,--- bpd, under the BAPCO Modernisation Programme.

...Bahrain was the first Gulf State to discover crude oil in the ----s. Bahrain has only one oil field, the Bahrain field, which is --km long and -km wide. ...

  
Source:
Document ID
1748-3832
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Bahrain Oil and Gas Report" Oct 01, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahrain-Oil-and-Gas-Report-2026-503>
  
APA:
Business Monitor International - Industry Reports. (2016). Bahrain Oil and Gas Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahrain-Oil-and-Gas-Report-2026-503>
  
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