The Coronavirus pandemic consequences and oil price collapse have increased financial pressures on the Government of Bahrain, which prompted it to borrow three times this year.

The National Oil and Gas Authority issued a statement in which it denied what the Al-Ayyam newspaper published on the behalf of the Oil's Ministry Mohammed bin Khalifa Al Khalifa regarding the oil discovery in the recently discovered block 4 in the Gulf of Bahrain.

The Bahrain Oil Company (Bapco) hired dozens of foreign workers earlier this year, at a time when the number of unemployed citizens in the country is increasing, new information revealed.

The global coronavirus epidemic, particularly ravaging in Europe, seems to have unexpected impacts. Bahrain received a heavy blow yesterday, with the Italian energy group ENI announcing that it will review its projects in the Middle East due to the Coronavirus pandemic and falling oil prices.

Inspired by Saudi Aramco, Bahrain says it is considering selling a stake of its assets in the oil and gas sector as it seeks to reach financial balance by 2022.

Bahrain said on Monday it is committed to supporting an additional oil production cut of 600,000 bpd as recommended by Opec+'s joint technical committee at a meeting last week.

Oil Minister Mohammed Al Khalifa said Bahrain will soon begin experimental production from two oil fields, but noted that there is a five-year time limit to start the process.

Bahrain's oil refinery has not been affected by attacks that disrupted Saudi crude exports earlier this month, Bahrain's Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said in a statement on Wednesday.

Bahraini Oil Minister Sheikh Mohammed bin Khalifa bin Ahmed Al Khalifa has appointed Dawood Nassif as the chairman of the board of directors of Bahrain Petroleum Company (Bapco), the Bahrain News Agency (BNA) said on Tuesday.

In an unprecedented step in the region, Bahrain announced on (June 2, 2019) allowing foreign companies to own 100% in projects of natural oil and gas extraction inside the country.

The National Oil and Gas Authority signed on Monday (April 1, 2019) a letter of intent with Chevron Company regarding conducting a joint assessment study for the discovery and exploration of oil in the Gulf of Bahrain region.

Saudi Arabia and Bahrain, two representatives of the Saudi Fund for Development, and the Bahraini Oil and Gas Holding Company signed an agreement to fund oil and gas projects in Bahrain worth $300 million, in the presence of Oil Minister Mohammed bin Khalifa Al Khalifa.

Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa said that a petroleum development company is currently conducting surveys of the shear zones with a company, without mentioning further details.

Minister of Oil Mohammed bin Khalifa Al Khalifa said that total government support for oil derivatives in local markets over the past year was 70 million dinars.

Bahrain's announcement of the discovery of a large shale oil field off the country's west coast was one of the highlights of 2018. It was the largest discovery as described by the state agency since 1932; estimated to be over twice the size of the Bahrain Field. It was a great occasion for formal government celebration, but it also quickly turned into unanswered questions.

Bahrain will exclude oil products from a value-added tax (VAT) due to be implemented next year, part of an essential goods exclusion from the tax, Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said on Tuesday in remarks carried by the state news agency.

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.

The Oil Minister Mohammed bin Khalifa Al Khalifa said that his country is trying to attract American investors in the oil shale industry under suitable conditions.

Oil Minister Mohammed bin Khalifa Al Khalifa (son of BDF commander-in-chief Marshal Khalifa bin Ahmed) said that the ministry is studying the launch of investment fund with the cooperation of (Osool) that manages general organization for social insurance in order to invest in the country's oil sector.

Oil Minister Mohammed bin Khalifa Al Khalifa said that the National Oil and Gas Authority is currently drilling the oil wells that were recently discovered in Bahrain.