LYCOS RETRIEVER 
Bahrain: Oil
built 630 days ago
B[A]hrain has long been an important maritime trade centre linking Europe and the Middle East with the Indian subcontinent. Pearling has come and gone, oil reserves are dwindling. As a result Bahrain has had to diversify and is now a banking and industrial centre. More recently it has allocated increasing resources to develop its tourist industry and considerable efforts are being made to attract visitors from around the world. Greater awareness of the many opportunities available for tourists to experience Bahrain's natural heritage can only lend weight to this effort.
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Bahrain's natural resources include large quantities of oil and natural gas as well as fish stocks. Arable land constitutes only 2.82%[34] of the total area. Desert constitutes 92% of Bahrain and periodic droughts and dust storms are the main natural hazards for Bahrainis.
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Besides the Kuwaiti-Saudi Divided Zone, Saudi Arabia ... produces oil jointly with Bahrain, from the Abu Saafa offshore oilfield. As a way of supporting their neighbor's economy, since 1996 the field's Saudi administrators had donated all of the income from its 150,000 bbl/d of production to Bahrain. However, in late 2004, with output from Abu Saafa doubling to 300,000 bbl/d, the Saudis apparently reduced this share to 50 percent. In addition, Bahrain traditionally has received around 50,000 bbl/d of Saudi oil from other fields, apparently at a significant discount. The Abu Saafa pipeline passes through this area on its way to Bahrain. It now appears that the Saudis have stopped supplying that oil to Bahrain.
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