Energy, Oil & Gas

Need to reposition Bahrain as 'smart oil economy'

The importance of building on the progress achieved by Bahrain's oil and gas sector was highlighted by the Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa.
During a meeting with the Chief Executive Officer of Eni, Claudio Descalzi, at Gudaibiya Palace, HRH Prince Salman stressed on the need to strengthen public-private partnerships and deploying initiatives that reposition the economy as a smart oil-economy to achieve quality opportunities and long-term sustainable growth, said a Bahrain News Agency report.
His Royal Highness highlighted that the Kingdom's oil and gas sector is a key contributing sector to the nation's comprehensive development, led by His Majesty King Hamad bin Isa Al Khalifa.
His Royal Highness commended the efforts of the Representative of His Majesty the King for Humanitarian Work and Youth Affairs, and Chairman of the Oil and Gas Holding Company (Nogaholding) Shaikh Nasser bin Hamad Al Khalifa in supporting the sector's growth and its contribution to the Kingdom's development.
Shaikh Nasser, Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa and Oil and Environment Minister Dr Mohammed bin Mubarak bin Dina also attended the meeting.
The two sides dicussed latest developments in the oil and gas sector at the regional and international levels.
Exchanging experiences
Meanwhile, at a separate meeting with the Eni Chief Executive Claudio Descalzi, nogaholding Chairman Shaikh Nasser bin Hamad Al Khalifa underlined the keenness of nogaholding to exchange experiences between Bahrain and Italy to upgrade the oil and gas sector and promote the oil economy in the kingdom. 
He discussed with Claudio Descalzi ways of boosting bilateral cooperation in various fields. 
He also highlighted the keenness of nogaholding to develop this vital sector to attain the goals of Bahrain's Economic Vision 2030.
The meeting was held in the presence of Oil and Environment Minister Dr Mohammed bin Mubarak bin Daina, Tatweer Petroleum Board Chairman Engineer Faisal Al Mahrous; Acting Managing Director of Tatweer Petroleum Ghassan Ali Al Muhanna; Eni Director of Primary Operations, and Chief Executive of the Middle East Region Foued Krikchi.