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Bahrain: Government gives update on oil and gas finds as it seeks to raise $1bn

Bahrain is finalising development plans for its onshore Pre-Unayzah gas field and is still searching for strategic investors for Khalij Al-Bahrain, an offshore unconventional oil discovery, according to a Ministry of Finance (MoF) presentation to prospective investors in an estimated $1bn two-tranche bond issue. Both discoveries were announced to great fanfare in April 2018. However, this was not followed by any material updates of their reserves size or possible recovery rates.

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African Energy Gulf States Newsletter