Bahraini oil Minister Mohammed bin Khalifa Al Khalifa said that the National Oil and Gas Authority is currently holding discussions with several private sector entities, with a view to allowing them invest in oil projects within the Kingdom of Bahrain.

Oil Minister Mohamed bin Khalifa Al Khalifa said on Monday (March 26, 2018) that his country would invest $4 billion to increaee the production capacity of the refinery.

Oil Minister Mohammed bin Khalifa Al Khalifa announced an approach to review the petrol prices periodically, after finding a suitable mechanism to distribute subsidies to citizens, stressing on the necessity to conform to delivering the subsidies to citizens in a way that matches their income.

Akbhar Al-Khaleej local newspaper said that the MPs are to attend the House of Representatives coming session, and that they will not boycott the session or postpone it to Tuesday due to petrol prices increase.

The increase in petrol prices after a decision issued by the Oil and Gas Authority on Monday (January 8, 2018) angered the citizens and residents in Bahrain.

Al-Wefaq National Islamic Society said that the increase of petrol prices for the second time within a month reflects the extent of exploitation of citizens’ money amid failing economic policies surrounded by corruption.

Bahrain has increased petrol prices unexpectedly in phone calls made by the National Oil and Gas Authority officials to the country's refueling stations.

State-run Bahrain Petroleum Co (Bapco) will meet a consortium led by France's Technip for further talks over the planned expansion of Bahrain's only oil refinery, sources close to the matter told Reuters.

Bahrain Mirror: The Al-Bilad local Bahraini newspaper said that the Bahraini Ministry of Energy intends to invest $7.5 billion to expand and develop Bahrain’s oil sector within 4 and 10-year plans.