Oil & Gas
|Year of establishment||2007|
|Sector||Investment and development arm of the National Oil and Gas Authority (NOGA).|
The Oil & Gas Holding Company B.S.C. (c) (nogaholding) was established by Royal Decree No. 77 for the year of 2007, promulgated on August 15, 2007.
The company is the investment and development arm of the National Oil & Gas Authority (NOGA) and plays a fundamental role in the execution of the strategic plans of the authority and stewardship of the government’s investment in The Bahrain Petroleum Company (Bapco), The Bahrain National Gas Company (Banagas), The Bahrain National Gas Expansion Company (BNGEC), The Bahrain Aviation Fuelling Company (Bafco), The Bahrain Lube Base Oil Company (BLBOC), the Gulf Petrochemical Industries Company (GPIC), Tatweer Petroleum, Skaugen Gulf Petchem Carriers Company (SGPC) and Bahrain LNG Company (BLNG).
Nogaholding creates value from existing portfolio companies and by enlarging the portfolio. At the time the company was formed in 2007 the portfolio comprised four companies, one wholly owned and three partly owned.
The company believes that joint venturing is the route to long-term sustained generation of shareholder wealth. Thus post its establishment, four additional companies, one wholly owned and three partly owned, were added to nogaholding’s portfolio.
Nogaholding aspires to contribute to profitable national economic diversification and growth by achieving sustained performance excellence from a growing portfolio of domestic and international investments.
To build, develop and manage a profitable portfolio of oil and gas industry related companies by investing effectively and promoting excellence.