March/April 2003 Issue

Bahrain: Oil

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Oil Reserves1 0.124 Billion barrels
2002 Oil Production1 63.51 Million barrels
2002 Oil Production Value2 $1.480 Billion
2002 Oil Production as Percentage of GDP3 17.41%
Companies Actively Pumping3 Bahrain Petroleum Company BSC (National); Petronas (Malaysia); ChevronTexaco (USA)

1 Source: Oil & Gas Journal, December 23rd 2002; pp. 113-115
2 Based on average imported refiner acquisition cost, January to October, 2002. Source: Monthly Energy Review, www.eia.doe.gov/emeu/mer/prices.html
3 Source: Energy Information Administration country analysis briefs, www.eia.doe.gov/emeu/cabs/

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