Nogaholding, the Kingdom’s Oil and Gas Holding Company, has recently introduced its new brand identity as Bapco Energies. The announcement was made by His Royal Highness Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain, during an inauguration ceremony. This unveiling marks a significant milestone in the company’s journey towards diversification and aligns with Bahrain’s Economic Vision 2030.
His Highness Salman emphasised the importance of diversifying and developing the kingdom’s economy in line with Bahrain’s comprehensive development plan. He commended the efforts of Shaikh Nasser bin Hamad Al Khalifa, Chairman of Bapco Energies and His Majesty’s Representative for Humanitarian Works and Youth Affairs, in enhancing the competitiveness of the oil and gas sector.
Under the new brand identity, Bapco Energies will integrate and rebrand existing operating companies, including Bahrain Petroleum Company (Bapco), Bahrain National Gas Company (Banagas), Bahrain National Gas Expansion Company (Tawseah), Bahrain Aviation Fueling Company (BAFCO), Tatweer Petroleum, and Bapco Retail Company (Tazweed). This integration process is expected to be completed over the next three years, resulting in the establishment of seven businesses.
Bapco Energies will focus on maximising enterprise value through trading and investing in new technologies and renewables. In line with Bahrain’s commitment to sustainability, the company recognizes the importance of investing in the oil and gas sector while simultaneously exploring opportunities in renewable energy. This approach not only ensures energy security but also creates economic opportunities and benefits for Bahraini citizens.
During the launch event, HH Shaikh Nasser expressed his vision for the future of energy in Bahrain. He highlighted the need for a forward-thinking transition roadmap, supported by a diversified mix of energy sources, to ensure energy security and meet climate action commitments. He emphasised that Bapco Energies represents a shift from a traditional oil and gas holding company to an innovative, progressive, and ambitious entity that will play a crucial role in securing the nation’s energy future.
HH Shaikh Nasser further emphasised that embracing renewable energy attracts new investments, fosters innovation in financing, encourages collaboration among technology leaders, and creates economic opportunities for the country. Bapco Energies will contribute to these goals by exploring and leveraging the potential of renewable energy sources.
The rebranding of Nogaholding as Bapco Energies signifies the company’s commitment to adapt to the evolving energy landscape while remaining true to its heritage and principles. By embracing innovation and sustainability, Bapco Energies aims to shape the future of energy in Bahrain and contribute to the kingdom’s comprehensive development objectives.