Bahrain mulls asset sale as cash crunch bites
Manama may seek to sell non-producing assets in order to mitigate the severe shock of falling oil prices, experts say
With global oil demand decimated by virus panic and a price war threatening to flood the markets with cheap supply, oil prices have suffered some of their worst intraday declines since the first Gulf War in 1991. It seems like the worst possible moment for a small Middle Eastern country to list oil and gas assets, but Bahrain may have to. When Bloomberg reported last week that Bahrain is hoping to emulate neighbouring Saudi Arabia in listing unspecified oil and gas assets, the report raised a lot of eyebrows. “The current oil price environment is poor for such an attempt. In addition, Bahrain’s assets unfortunately compare unfavourably to those of its neighbour,” says Jan Kalicki, an energ
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
