Bahrain needs $15bn investment to increase production

01 June 2010

Bahrain's oil minister, Abdulhussein Merza has said the kingdom needs investments of around $15bn in the next 15 years to increase its oil and gas production, Kuna has reported. Estimated heavy oil reserves in the country stand at around a billion barrels, 15% of which could be drilled out, he said. Merza added that it could be possible to increase production through modern drilling equipment.

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