“Bahrain Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bahrain’s oil and gas industry.
In this report, we forecast that Bahrain will account for 0.59% of Middle East regional oil demand by 2014, while providing 0.31% of supply. Regional oil use of 4.98mn barrels per day (b/d) in 2001 rose to 7.15mn b/d in 2009. It is forecast to average 7.42mn b/d in 2010 and then rise to around 8.38mn b/d by 2014. Regional oil production was 22.83mn b/d in 2001 and averaged 24.41mn b/d in 2009. After a projected 24.86mn b/d in 2010, it is set to rise to 26.67mn b/d by 2014. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 17.85mn b/d. This total will ease to an estimated 17.44mn b/d in 2010 and is forecast to reach 18.30mn b/d by 2014.