Find has substantial reserves of light crude and natural gas, says Kingdom’s oil ministerBahrain has discovered its biggest oil field in more than 80 years. The “highly significant” oil and deep gas resource is thought to dwarf the Gulf kingdom’s current reserves, according to an official announcement on Sunday. The reserves were discovered during the last three months of 2017 after Bahrain intensified its search for new fossil fuel deposits. Bahrain is currently a minnow in the oil sector, ranked 57 on the list of biggest producers by the US Energy Information Administration. It pumps about 45,000 barrels of oil a day from its Bahrain Field, according to Bloomberg data.

Source: The Guardian April 01, 2018 16:52 UTC