Manama, March 30 (BNA) His Highness Sheikh Nasser bin Hamad Al Khalifa, representative of His Majesty the King for Humanitarian Work and Youth Affairs, and Chairman of the Board of Directors of the Oil and Gas Holding Company (Nogaholding), chaired the board meeting. Approval of the company’s annual financial report.
His Highness Sheikh Nasser praised the company’s outstanding financial results for the year 2021 and reviewed the executive management report, which shed light on the company’s latest developments, the plans of the administrative work team, and progress in implementing strategic projects managed by the company, such as the modernization of Bapco. Refinery and drilling works carried out by Tatweer Petroleum Company.
His Highness Sheikh Nasser bin Hamad Al Khalifa praised the company’s outstanding financial performance, which came as a result of efficient management and efforts to reduce spending and recover the energy sector in the world. He praised the development of the energy sector in the Kingdom of Bahrain, praising the efforts of Nogaholding and its subsidiaries to achieve leadership visions.
His Highness Sheikh Nasser bin Zayed Al Nahyan expressed his keenness to continue enhancing the productivity of operating companies to ensure the sustainability and protection of natural resources and energy sources. He pointed to the role of Nogaholding Company in promoting investments and developing the sector, as it is a catalyst for economic growth in the Kingdom.
AOQ