Bahrain’s Economy Falters On Weak Hydrocarbons Production
Bahrain’s economic growth slowed to 2.7% year-on-year in 4Q12, according to statistics released by state-run Central Informatics Organization. Full year GDP growth for 2012 was pegged at 3.4%. Most of the decline in 4Q12 was due to lower production at the offshore Abu Sa’fa field, which produces about 300,000 b/d. The field is shared 50:50 with Saudi Aramco; the...
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