His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Works and Youth Affairs, Chairman of Bapco Energies, presided over the Company’s Board of Directors meeting for the second quarter of this year.
His Highness congratulated the Board Members and Mr. Mark Thomas, Group Chief Executive Officer of Bapco Energies, on the successful launch of the ‘Bapco Energies’ brand, which marked a significant milestone in the Kingdom of Bahrain’s energy sector. The Kingdom of Bahrain’s energy transition will pave the way for new investment opportunities through business innovation and enhancing strategic partnerships that support the national economy.
Addressing the Board, His Highness praised the Company’s efforts in implementing the Group’s transformational plan aligned with the Kingdom’s decarbonization goals set in the Economic Vision 2030, which prioritizes energy security, affordability, and sustainability.
His Highness highlighted the Company’s role in transforming the Kingdom’s energy sector in line with the vision of His Majesty King Hamad bin Isa Al Khalifa and the aspirations of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain.
During the meeting, the Group Chief Executive Officer of Bapco Energies presented the Board with the Group’s latest developments and ongoing transformation plans. The report highlighted the progress on several strategic projects, including the Bapco Modernization Program and the Kingdom’s exploration and production activities by Tatweer Petroleum.
The Board also endorsed a set of policies and procedures that are designed to boost productivity and foster innovation across the Group. These policies will enable Bapco Energies to adhere to the highest level of operations and implement the best practices positioning the Group as a leader in the energy sector.