Bahrain Oil & Gas Report Q4 2014 - New Report Available

Despite limited success in boosting oil and gas production from the Bahrain field, the key development for the country will be the refining capacity expansion at the Kingdom's centrepiece Sitra refinery. However, delays to the expansion will result in a continuation of fuel export declines and widening fiscal deficit until 2020. This marks a two year delay to our previous forecast which saw increasing fuel exports from 2018. Other plans envisage the construction of a liquefied natural gas (LNG) receiving terminal, although this is still a long way from realisation.

We highlight the following trends and developments in Bahrain's oil and gas sector:

* Redevelopment work (new wells, EOR, IOR) 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, amongst other issues, have led us to anticipate delays. We have not yet included all volumes projected by the project.
* We see little room for progress on fuel subsidy reforms over the next two to three years. We expect continued subsidisation to support strong refined fuels consumption growth in the country over the next five years.
* The expansion of Sitra refinery from its current 270,000b/d capacity to 350,000b/d will...

Full Report Details at
- http://www.fastmr.com/prod/900657_bahrain_oil_gas_report_q4_2014.aspx?afid=301

The Bahrain Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Bahrain including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Bahrain Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Bahraini oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Bahrain to test consensus views - a key input for successful budgeting and strategic business planning in the Bahraini oil and gas market.
* Target business opportunities and risks in the Bahraini oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bahrain.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.



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