Bahrain’s strategic and investment activities in the oil, gas and petrochemical sector, came under review yesterday. This happened at the board meeting of the Oil and Gas Holding Company BSC (c) also known as Nogaholding chaired by Energy Minister Dr. Abdul Hussein Mirza.
The meeting discussed investment in the Bapco refinery, the supply of LNG, investment policy for the future growth of the oil and gas sector, and current investment items.
The meeting was attended by Directors; Rasheed Al Maraj, Basim bin Yacob Alhamer, Dr. Mustafa Al Sayed and Abdul Rahman Jawahery. Nogaholding was incorporated by Royal Decree No. (77) for the year 2007 on August 10, 2007.
The prescribed objectives of the company include – stewardship of the government’s shareholdings and stakes in the Bahrain Petroleum Company (Bapco), the Bahrain National Gas Company (Banagas), Banagas-LPG Expansion Project, the Bahrain Aviation Fuelling Company (Bafco), the Gulf Petrochemical Industries Company (GPIC), Tatweer Petroleum, Bahrain Lube Base Oil Company and Skaugen Gulf Petchem Carriers BSC.