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Bahrain Seeking Help From Oil Majors to Develop New Shale Discovery

Bahrain has planned to invite international oil companies to help develop the first major discovery in decades. It hopes to begin production in 5-years. Currently, this oldest and smallest energy producer of the Persian Gulf derives most of its revenue from crude exports. However, its finances are under strain due to lower oil prices. This new discovery can raise the production manifold.

Source: Oil and Gas People

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