CAIRO—Bahrain is to allow foreign companies to own 100% of oil and natural gas extraction projects in the Gulf state, under an order issued by Prime Minister Sheikh Khalifa bin Salman al Khalifa on June 2, Bahrain News Agency reported.
To be eligible, the foreign parent company must have signed, or be in the final stages of signing, an exploration and production agreement with the government.
This post appeared first on Hart Energy.