Established by Fathi Ibrahim Bayoud 2005 - Homs

Bahrain announces discovery of 80 bn barrels of oil

Business | 2018-04-04 14:41:00
Bahrain announces discovery of 80 bn barrels of oil
Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated at more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market.

The size of recoverable oil -- or oil that can be extracted -- is still under study, Oil Minister Sheikh Mohammed bin Khalifa Al-Khalifa told a press conference in Manama.

The new field dwarfs the Bahrain Field, the country's only other oil field, which contains several hundred million barrels.


 
AFP
Keywords:
Comments (0)

Post Your Comments

fill all fields below
*This confirmation code will prevent auto submit
X :Latest News
Assailants kill two SDF fighters in Deir Ezzor      Lebanon:1200 Syrian refugees will return to Syria      London's Heathrow operations resume after airfield fire alarm      Trump: New Air Force One to get red, white and blue makeover      Russia says Greece's expulsion of its diplomats to have consequences -RIA      UK investigators probe Russian access to Facebook data      Chemical weapons agency says has collected samples from Amesbury for identification      Russian, Syrian authorities set up center for refugees returning to Syria