Bahrain has postponed two oil and gas conferences which were scheduled to take place this month, including a regional gathering for oil traders, due to the coronavirus outbreak.

On Friday (January 10, 2020), the state-run Akhbar Al-Khaleej newspaper published the following: “A failed Iranian cyberattack on the Bahrain Oil Company (Bapco).” An IT website said a cyberattack affected the oil company’s network.

US Ambassador Justin Siberell said he looked forward to accompanying Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa to Houston to promote an oil field that Bahrain says it has discovered.

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.

The Chief Executive of the Supreme Council for the Environment, Mohammad bin Daynah, said that the sixth line of Alba’s plant will be operational by the end of 2018.

The “cost of extraction” should be the secret key to addressing the truth of this discovery. It is the “Achilles heel” of Bahrain which should make us wary of going a long way in applauding it.

Bahrain's Oil Minister said the amount of tight (light crude) oil discovered recently in the new oil field could exceed 80 billion barrels.

Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa said that the volume of revenues and savings expected from the adjustment of the price of petrol is estimated at 26 million dinars a year.

The Bahraini Oil Minister said that the National Oil and Gas Authority may revise petrol prices and adjust them if necessary when imposing the value added tax (VAT).

Bahrain’s Oil Minister Mohammed bin Khalifa Al Khalifa said that Bahrain is preparing to extract deep gas by the end of this year.