Bahrain Says ‘Everything’s on the Table’ for Oil Privatizations

Bahrain is in the process of hiring advisers to help sell stakes in some of its oil and gas assets as the Gulf’s smallest economy looks to open up an industry closed to foreign investments for decades.

Nogaholding, which owns Bahrain’s oil and gas assets, is due to appoint a consultant and a financial adviser to work on a national energy strategy, its Chief Executive Officer Mark Thomas in an interview. “Everything is on the table for us,” and the company could look at selling stakes to private investors or offering shares to the public, he said.