The $570mn sharia-compliant, five year financing is the first foray for nogaholding into the syndicated credit markets
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Posted inProducts & Services
Bahrain’s 2015 oil output up by 650,000 barrels
Bahrain is estimated to export 150,000 bpd out of its 200,000 bpd output
Posted inProducts & Services
Bahrain plans to tap oil reserves in key field
The Energy Minister says efforts are being made to produce the residual oil saturation in the Gas Cap of the Mauddud reservoir at the Bahrain Field
Posted inProducts & Services
Moody’s lowers credit ratings of Oman, Bahrain
The credit ratings agency has justified its move citing that low crude oil prices have weakened the GCC economies
Posted inProducts & Services
JGC wins $355mn gas plant project in Bahrain
The facility will recover for export liquefied petroleum gas and naphtha from associated gases released when extracting crude oil
Posted inProducts & Services
Bahrain MPs stage protest over fuel price hike
Country is following other GCC states by increasing fuel prices
Posted inNews
Bahrain raises domestic gasoline prices
Bahrain has set the new price for super fuel at 160 Bahraini fils ($0.424) per litre from 100 fils, while the price for regular fuel raised to 125 fils per litre from 90 fils
Posted inProducts & Services
Bahrain fuel prices to increase under new system
The system is expected to gradually raise the cost of diesel and kerosene as Bahrain adjusts its prices to match similar measures in other GCC states
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Oil-hit Bahrain mulls subsidy cuts for 2016
An industrial strategy to diversify Bahrain’s economy will be unveiled in 2016 as the country’s revenues drop by 70% due to oil prices, a minister confirmed
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Saudi, Bahrain experts to meet on pipeline project
The two GCC states have been planning to build a new 115km long, 350,000 bpd pipeline by 2018