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nogaholding operating companies receives Turkmenistan delegation

June 21, 2022
oil and gas

Manama, 20 June (BNA): Oil and Gas Holding Company (Nogaholding) Group companies Bahrain Petroleum Company (Bapco), Gulf Petrochemical Company (GPIC), and Tatweer Petroleum received a Turkmenistan delegation.

The Turkmen delegation included the Deputy Minister of Foreign Affairs, the President of the State Bank for Foreign Economic Affairs of Turkmenistan, the Vice President of Turkmengaz State Concern, the Vice President of Turkmen state-owned company (Turkmenhimiya), a member of the Board of Directors of the Pipeline Company Ltd., and the Head of the Middle East and Africa Department at the Turkmenistan Foreign Affairs Ministry.

nogaholding’s Group Senior Executives praised the growth of bilateral relations following His Majesty King Hamad bin Isa Al Khalifa’s historic visit to Turkmenistan.

They stressed the eagerness of the energy industry in Bahrain to expand their business operations across borders through strategic investments and economic partnerships, in accordance with the vision of the Representative of HM the King’s for Humanitarian Work and Youth Affairs and nogaholding Chairman His Highness Shaikh Nasser bin Hamad Al Khalifa.

The parties discussed potential collaboration and opportunities to strengthen economic and investment activity in both countries.

The Turkmen delegation praised the significant development of the Kingdom’s energy sector and confirmed its readiness to execute joint projects, and foster business partnerships in Turkmenistan as a result of the country’s ample industrial resources and investment-friendly facilities.

The Turkmen delegation hailed the transformation progress of the Kingdom’s energy industry, citing Bapco’s Refinery Expansion project - the Bapco Modernization Programme (BMP), and praised the high level of professionalism and efficiency demonstrated by the local talent who manage the construction of the advanced industrial facilities.

The delegation met with GPIC CEO Yasser Abdulrahim Al Abbasi and other members of the executive management team and discussed investment opportunities in Turkmenistan, focusing specifically on two prospective projects - the establishment of a methanol plant and an ammonia and urea plant.

bna