Bahrain to Let IOCs to Take Full Stakes in Oil, Gas Extraction Projects

Bahrain is to allow foreign companies to own 100% of oil and natural gas extraction projects in the GCC 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.