Bahrain mulls oil, gas transfer following Saudi Aramco IPO success

Bahrain mulls oil, gas transfer following Saudi Aramco IPO success

Bahrain may transfer some of its oil and natural gas assets into a proposed state-run fund in which it could sell shares to investors, as the smallest Gulf Arab country seeks to balance its budget.. The government is working on the project and may decide to proceed with it later this year, Oil Minister Mohammed bin Khalifa Al Khalifa said in an interview.. After Saudi Arabia sold a stake in national oil company Saudi Aramco last year, "nothing is not for sale anymore," Al Khalifa said.. The proposed fund and the sale of a stake in it would serve as "a channel for private investors to come in, which they haven't really done in the oil and gas sector in Bahrain," Al Khalifa said..