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bahrain, a small country with an area less than half that of shenzhen, has coveted oil resources. recently, it handed over the mining rights of a giant oil field with a reserve of 80 billion barrels to china without hesitation. what is the mystery behind this?

【events】

bahrain, a small country known as the "pearl of the persian gulf", is a veritable "oil country" despite its small size. as early as 1931, bahrain took the lead in drilling the first commercial oil well in the middle east, becoming the fifth largest oil producer in the region. since then, oil has become bahrain's cash cow, bringing endless wealth to this small country.

however, bahrainis are not satisfied with relying solely on oil. they know that "all eggs should not be put in one basket", so they have been working hard to achieve economic diversification. the bahraini government has put a lot of effort into investing the revenue from oil into the construction of various industries and infrastructure, vigorously promoting the modernization and transformation of the economy.

in bahrain's economic structure, export-oriented economy occupies an important position. in foreign trade, oil and oil derivatives account for as much as 85%. although this small country's oil production is not even a fraction of saudi arabia, they have successfully transformed crude oil exports into oil product exports with their superb refining technology. today, oil product exports account for 90% of bahrain's total export value, which can be said to be "unique".