Bahrain Oil Extraction Industry Outlook 01/2022

Key Market Indicators

Demand for Bahraini crude oil is on the rise. In January 2022, it is estimated to reach 1.1 million metric tons, a 28.4% increase from the 969 thousand metric tons in December 2021. Since June 2018, it has increased by 6.4% year-on-year. Meanwhile, Bahraini crude oil production is projected to hit 10,000 thousand tonnes of oil equivalent by 2026. This is a 0.1% year-on-year CAGR, which has decreased by 1% since 1976. The country was ranked 35th in 2021, with Turkmenistan ahead in the ranking with 9,800 thousand tonnes of oil equivalent. Saudi Arabia, the United States and Iraq were the top three in 2021.

Bahrain Oil Extraction Market Data and Forecasts

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