👉 The Bahrain International Oil Company (BIOCO), often referred to as Bahrain IOR, is a state-owned oil company that plays a crucial role in Bahrain's economy by managing and developing the country's oil and gas resources. Established to oversee the exploration, production, and export of oil and natural gas, BIOCO operates several oil fields, including the major Ras Al Kharj field, which has been a significant contributor to Bahrain's oil exports. The company also collaborates with international partners and invests in infrastructure and technology to enhance efficiency and sustainability. Bahrain IOR is pivotal in diversifying Bahrain's economy beyond oil, aiming to foster growth in other sectors while maintaining its strategic position in the global energy market.
