Manama, Apr 4 (AFP) Bahrain today announced its newly discovered shale oil reserve was estimated at more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market.

The size of recoverable oil — or oil that can be extracted — is still under study, Oil Minister Sheikh Mohammed bin Khalifa Al-Khalifa told a press conference in Manama.

The new field dwarfs the Bahrain Field, the country’s only other oil field, which contains several hundred million barrels. (AFP) ZH ZH

This is published unedited from the PTI feed.