His Highness Shaikh Nasser bin Hamad: Exceptional Achievements and Successes by Bapco Energies Contribute to Supporting the National Economy
His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty’s Representative for Humanitarian Works and Youth Affairs, Chairman of Bapco Energies, presided over the Company’s Board of Directors meeting for the first quarter of the year 2025.
His Highness Shaikh Nasser praised the Group’s efforts and ongoing achievements in the development of the energy portfolio, aligning with the goals set in the Economic Vision 2030 to advance this vital sector. His Highness also commended the role of Bapco Energies’ Executive Management in strengthening the Company’s strategic partnerships with leading organizations regionally. This includes the successful issuance of a 10-year, USD 1 billion Sukuk and the signing of an agreement with EOG International, a leading U.S.-based hydrocarbon exploration company.
The meeting discussed the consolidated financial statements for the fiscal year ending 31st December 2024, underscoring the Group’s strong financial performance amidst a challenging economic environment. The Board showcased the Group’s progress in line with the goals set for the year and highlighted Bapco Energies' strong operational excellence as it transforms Bahrain's energy landscape. Additionally, the progress made in centralizing the organization and streamlining key business processes was reviewed.
During the meeting, Mr. Mark Thomas, the Group CEO of Bapco Energies, presented the executive report to the Board of Directors, highlighting the achievements made during the first quarter of 2025. The report covered the Company's overall performance and provided updates on the Group’s major projects. It highlighted progress on several strategic projects, including the Bapco Modernization Project (BMP) and ongoing exploration and production activities at Bapco Upstream.
