Bahrain will allow foreign companies to purchase 100% shares of oil and gas projects
Almaty. June 3. KazTAG - Bahrain will allow foreign companies to purchase 100% of shares in oil and gas production projects, BahrainNewsAgency reports.
“Bahrain intends to allow foreign companies to own 100% of the oil and natural gas extraction projects in the Persian Gulf, in accordance with the decree of Prime Minister Sheikh Khalifa bin Salman al Khalifa”, - noted in the statement.
In order to obtain such a right, a foreign company must have an agreement with the Government of Bahrain on exploration and production or be in the final stage of signing such an agreement.
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