Tags: ML | Bahrain | Oil | Find

Bahrain Discovers Largest Oil Field in Country since 1932

Sunday, 01 April 2018 04:37 PM

DUBAI, United Arab Emirates (AP) — The Persian Gulf island nation of Bahrain says it has discovered its largest oil field since the country's first oil well began operation nearly 90 years ago.

The government said Sunday that the new resource is "understood to dwarf Bahrain's current reserves."

Details about the initial findings of size and extraction viability are to be released by the Oil Ministry at a news conference Wednesday.

Bahrain says the tight oil and deep natural gas field was discovered off the west coast of the island in the Khaleej Al Bahrain Basin.

The non-OPEC producer extracts oil from an offshore field it shares with Saudi Arabia and the onshore Bahrain field.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
The Persian Gulf island nation of Bahrain says it has discovered its largest oil field since the country's first oil well began operation nearly 90 years ago.The government said Sunday that the new resource is "understood to dwarf Bahrain's current reserves."Details about...
ML,Bahrain,Oil,Find
114
2018-37-01
Sunday, 01 April 2018 04:37 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved