Thursday, October 1, 2020

H.E. Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa outlines latest outlook of Bahrain’s oil and gas sector

His Excellency Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, Minister of Oil, presented the keynote address at Bahrain British Business Forum (BBBF) networking meeting yesterday.

BBBF Chairman Mr. Khalid Al Zayani OBE welcomed the guests of honour, H.E. Shaikh Mohamed and H.E. Mr. Simon Martin CMG, the British Ambassador to Bahrain, to the gathering. More than 120 BBBF members and guests attended the event at the Diplomat Radisson Blu Hotel yesterday.

H.E. Shaikh Mohamed addressing the forum

In his address H.E. Shaikh Mohamed reviewed the present structure of oil and gas sector in Bahrain and provided valuable insight to the strategy adopted by the NOGA to fuel the kingdom’s future. He updated the audience on the current and upcoming ventures in the kingdom and said that rapid progress was being made on significant projects with a total worth of more than USD 8.1 billion. The discussed projects include:

  • Saudi Bahrain Pipeline Co (“SBP”)
  • Bahrain LNG Import Terminal (“BLNG”)
  • Bahrain Gas Project (“CGP III”)
  • Bapco Modernisation Programme (“BMP”)
  • Bahrain Gasoline Blending (“BGB”)

His Excellency also discussed the expected timelines and financing strategies that have been adopted for each of the said projects. The meeting concluded with a Q&A session. On behalf of the BBBF and the audience, Mr. Al Zayani OBE expressed his appreciation and sincere thanks to His Excellency for his informative presentation.

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