Bahrain to allow foreign companies to take 100% stakes in oil, natural gas extraction projects

To be eligible, the foreign parent company must have signed, or be in the final stages of signing, an exploration and production agreement with the government.
Monday 03/06/2019
Bahraini Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa speaks to reporters during a press conference in Manama, Bahrain April 4, 2018. (Reuters)
Bahraini Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa speaks to reporters during a press conference in Manama, Bahrain April 4, 2018. (Reuters)

CAIRO -  Bahrain is to allow foreign companies to own 100% of oil and natural gas extraction projects in the Gulf state, under an order issued by Prime Minister Sheikh Khalifa bin Salman al Khalifa on Sunday, Bahrain News Agency reported.

To be eligible, the foreign parent company must have signed, or be in the final stages of signing, an exploration and production agreement with the government.

(Reuters)