Bahrain’s Crown Prince and Prime Minister, HRH Prince Salman bin Hamad Al Khalifa, introduced Bapco Energies as the new brand identity for the kingdom’s Oil and Gas Holding Co (nogaholding) on May 29, Trade Arabia reported.
During the brand unveiling, HH Shaikh Nasser bin Hamad Al Khalifa, chairman of the nogaholding (now Bapco Energies) described the occasion as a “historic day” that marks the beginning of a new chapter for the future of energy in the Kingdom of Bahrain. He emphasized the need for energy security in light of the realities of the world and the importance of implementing a forward-thinking transition roadmap, supported by a diversified mix of energy sources, while meeting climate action commitments.
Shaikh Nasser stated that with Bapco Energies, the company is evolving from a traditional oil and gas holding company into an innovative, progressive, open, and ambitious entity that will contribute to securing the nation’s energy future.
He added that embracing renewable energy not only attracts new investments but also fosters innovation in financing, encourages collaboration among technology leaders, and creates economic opportunities for the country.
Under the umbrella of Bapco Energies, the existing operating companies, such as Bahrain Petroleum Co (Bapco), Bahrain National Gas Co (Banagas), Bahrain National Gas Expansion Company (Tawseah), Bahrain Aviation Fueling Co (Bafco), Tatweer Petroleum, and Bapco Retail Co (Tazweed), will undergo integration and rebranding over the next three years, resulting in the establishment of seven businesses. According to the report, these seven businesses will include three new ventures focused on maximizing enterprise value through trading and investing in new technologies and renewables.