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Tuesday 20th March 2018

Bahrain to Allow Foreign Companies to Possess 100% Stakes of Oil Extracts - BNA

Business

7Dnews London

Sun, 02 Jun 2019 17:54 GMT

Bahrain is to allow foreign companies to own 100 percent of oil and natural gas extraction projects in the Gulf state, under an order issued by Prime Minister Sheikh Khalifa bin Salman al Khalifa on Sunday June 2nd, Bahrain News Agency reported. 

To be eligible, the foreign parent company must have signed, or be in the final stages of signing, an exploration and production agreement with the government, according to Reuters.


Middle East