Manama, September 26 (BNA): His Highness Sheikh Nasser bin Hamad Al Khalifa, representative of His Majesty the King for Humanitarian Works and Youth Affairs, and Chairman of the Board of Directors of the Oil and Gas Holding Company B.S.C. He valued the company’s past endeavors and efforts to advance the oil and gas sector, in line with the vision of His Majesty King Hamad bin Isa Al Khalifa, and the aspirations of His Royal Highness Prince Salman bin Hamad Al Khalifa. Crown Prince and Prime Minister.
His Highness Sheikh Nasser made these statements while presiding over the third meeting of Nogaholding’s Board of Directors this year. HH Sheikh Nasser discussed with the Board of Directors the progress made in achieving the goals that were approved at the beginning of the year. His Highness stressed the necessity of integrating efforts and experiences between the operating companies and sharing their resources to push the strategic transformation of the oil and gas sector, pointing out the importance of raising the level of efficiency and increasing the productivity rate of affiliated companies.
During the meeting, His Highness highlighted a set of decisions that will organize some of the companies’ activities and focus on activities that support the main sources of income to achieve commercial success, praising the support the company receives from the Higher Committee for Energy and Natural. resources. The board reviewed the executive management report, which dealt with the company’s latest developments and transformational plans for a number of strategic projects. In addition, the Board approved a set of decisions related to supporting quality projects and improving internal work systems.
The council also discussed the stages of completion of the Bahrain Petroleum Company (Bapco) refinery modernization project, stressing the strategic importance of the project in serving the refining sector in the region. Development of Tatweer Petroleum Company in relation to research and exploration projects. In addition to the modern exploration techniques that the company is working to provide, the meeting was also highlighted.
His Highness Sheikh Nasser praised the important and distinguished role played by leading companies in developing this vital sector in order to achieve the objectives of Bahrain’s Economic Vision 2030.
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