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Bahrain's $1 billion energy fund opens oil and gas projects to private investors

Bahrain Business
Fri, 11 May 2018
By Avinash Saxena


MANAMA: The Bahrain Energy Fund, the first of its kind in the GCC, will seek to raise a total of $1 billion from institutional investors wanting to access local oil and gas projects, Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa announced yesterday as the first Gateway Gulf Investor Forum drew to a close. The fund will receive initial seed capital from entities in Bahrain, including nogaholding, Osool and Sico and will be open to investors in Bahrain, the GCC and internationally.