BAHRAIN has major projects in the pipeline to tap the dynamic oil and gas sector to strengthen the national economy, it has been declared.
They will also give a new impetus to the success of the kingdom’s economic recovery plan, Oil and Gas Holding Company chairman Shaikh Nasser bin Hamad Al Khalifa said yesterday.
Shaikh Nasser, who is also His Majesty’s representative for humanitarian work and youth affairs, was visiting Tatweer Petroleum, accompanied by some board members.
He urged officials to utilise the latest innovative technologies to upgrade the oil exploration and field management sector.
He assured them that the sector has the full support of His Majesty King Hamad and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister.
Shaikh Nasser was welcomed by board chairman, Faisal Al Mahroos and senior officials who briefed him on Tatweer’s organisational, operational and developmental plan for 2022. He was also informed about the procedures taken by the company to ensure full commitment to the highest health, safety and environment protection standards.
As of July 2016, the company is wholly owned by nogaholding, the business and investment arm of NOGA, which acts as the steward for the government’s investment in a diversified range of energy-related companies. Tatweer Petroleum is now responsible for all upstream operations in the kingdom, including oil and gas exploration, development, and production activities, in addition to gas distribution and sales.
The company’s primary goal is to increase the production of oil and the availability of gas to meet the future energy demands of Bahrain, in line with the nation’s Economic Vision 2030.
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