Tight oil is a type of oil found in impermeable shale and limestone rock deposits. Also known as shale oil, tight oil is processed into gasoline, diesel, and jet fuels in the same way as conventional oil, but is extracted using hydraulic fracturing, or “fracking.”The oil and gas deposit off Bahrain Island’s west coast “is understood to dwarf Bahrain’s current reserves,” the Bahrain News Agency (BNA) reported on Sunday, but without giving detailed figures. Unlike its closest neighbors — Saudi Arabia and Qatar — Bahrain is not a major oil producer and ranks 57th on the US Energy Information Administration’s world list. By contrast, nearby Qatar produces 1.5 million bpd. Despite its modest output, Bahrain generates about 80 percent of its revenues from oil.

Source: Egypt Independent April 02, 2018 08:26 UTC