Bahrain Allows Foreign Companies to Take 100 percent Stakes in Oil, Natural Gas Extraction Projects

According to Edict 10 of 2019, which was issued on 2 June 2019, foreign capital companies are now allowed to own up to 100 percent of the oil and gas drilling activities in the Kingdom of Bahrain, providing that the parent company has signed or is in the process of sealing an agreement on the exploration and production of oil or natural gas with the government.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Primary (Mining and quarrying)

• Sources:

  • Legislative and Legal Authority, Decree No. (10) for the year 2019, http://www.legalaffairs.gov.bh/Media/LegalPDF/RCAB1019.pdf, 02 Jun 2019
  • Legislative and Legal Authority, Decree No. (10) for the year 2019 on allowing companies with foreign capitals to engage in the extraction of oil and natural gas within the Kingdom of Bahrain, http://www.legalaffairs.gov.bh/196931.aspx?cms=q8FmFJgiscJUAh5wTFxPQnjc67hw%2Bcd53dCDU8XkwhyDqZn9xoYKj3MxXKFdhuhmYl26yUuWSWS%2F8zhvbD2iZg%3D%3D#.XUFSQPIzaHs, 02 Jun 2019
  • Bahrain News Agency, HRH Prime Minister issues Edict 10/ 2019, https://www.bna.bh/en/.aspx?cms=q8FmFJgiscL2fwIzON1%2BDjR3iNbJnhFP6MT8JcXzRi4%3D, 02 Jun 2019