Bahrain is looking for investors in a major oil pipeline transporting crude oil from Saudi Arabia; The Kingdom is looking to monetize energy assets.

According to Bloomberg, the pipeline can transport up to 350,000 barrels of oil per day, and connects Saudi oil processing facilities in Abqaiq to the Bapco refinery in Bahrain, and the Bahraini government will collect hundreds of millions of dollars from the sale of the stake.

Bloomberg indicated that it has appointed consultants to help sell shares in some of its oil and gas assets, and this is part of the government’s efforts to open an industry that has been closed to foreign investments for decades.

Bahrain is pursuing a strategy similar to its neighboring Gulf countries in offering some shares of the energy industry to investors.

Saudi Arabia offered a stake in Aramco in an initial public offering in 2019, then followed up by selling the rights to lease some pipelines to investors.

Abu Dhabi also sold a stake in ADNOC Oil Pipeline Company 5 years ago, although a company based in the emirate recently bought back BlackRock and KKR & Co.'s stake in that business.

The oil and gas sector in the Kingdom of Bahrain includes the Oil and Gas Holding Company, and includes the following companies: Bahrain Petroleum “Bapco”, Bahrain National Gas “Banagas”, Gulf Petrochemical Industries “GPIC”, Bahrain Aviation Fuel Supply “BAFCO”, Bahrain National Gas Expansion, Petroleum Development, and Bahrain Base Oil Lubrication. Bahrain Liquefied Gas and Asra Company.

The Ministry of Oil and Environment in Bahrain pays great attention to enhancing the role of the oil and gas sector. This is because this transformation has a major impact on all the operations of companies operating in the oil sector, and it is an integral part of the operational process of this sector, through the use of modern methodologies in the field of digital transformation, big data, artificial intelligence, and the Internet of Things. And other modern technologies.