News

Minister of Energy His Excellency Dr. Abdul Hussain bin Ali Mirza met in his office at the National Oil and Gas Authority (NOGA) Mr. Abdulkarim Bucheery, Chief Executive Officer of Bank of Bahrain and Kuwait, who was accompanied by a number of senior bank executives.

The Minister welcomed the officials, and expressed his appreciation for the BBK of banking services and facilities provided for the benefit and interest of citizens and residents in the Kingdom of Bahrain. Praising the efforts of BBK and the banking sector in the Kingdom for their positive role and support offered in the form of credit facilities and bank loans that contributed to the realization of investment projects and development programs in Bahrain.

They discussed aspects of cooperation in the field of finance and facilities BBK could provide, whether loans to finance oil projects by NOGA and the oil and gas companies affiliated to it, such as the Bahrain Petroleum Company (Bapco), which intends future strategic projects including the Refinery modernization project and the Saudi-Bahraini crude oil pipeline, which Bapco is planning to shortly implement in cooperation with Saudi Aramco.

The BBK CEO expressed his sincere thanks and appreciation to the Minister for the warm reception and the investment themes discussed, which were in the interest of both parties. He said the discussion would contribute to the strengthening of cooperation between NOGA and the banking sector in Bahrain.

Also present at the meeting was Engineer Adel Khalil Almoayyed, Chairman of Bapco and Dr. Ahmed Ali Al Sharyan, the NOGA General Secretary.