Bapco Energies Delivers Strategic Successes in Line with Bahrain Vision 2030
His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Work and Youth Affairs and Chairman of the Board of Bapco Energies, praised the exceptional achievements of the integrated energy group during the first quarter of 2025. Bapco Energies continues to spearhead the transformation of Bahrain's energy sector, contributing significantly to the national economy and strengthening investment opportunities.
Chairing the Board of Directors' meeting for Q1 2025, His Highness commended the group's efforts in building and managing a diversified portfolio of national energy companies aligned with Bahrain's Economic Vision 2030. The meeting included a comprehensive review of the progress made toward the strategic goals set at the beginning of the year.
HH Shaikh Nasser highlighted the pivotal role played by the executive management in 2025, particularly in fostering strategic partnerships. Notably, the successful issuance of USD 1 billion in Sukuk with a 10-year maturity and a key agreement signed with EOG International, a U.S.-based company specializing in crude oil and natural gas exploration, marked major milestones for the group.
The board also reviewed the consolidated financial statements for the fiscal year ending December 31, 2024. The results reflect the group's robust financial performance despite global economic challenges. Emphasis was placed on Bapco Energies' operational excellence and its vital role in reshaping Bahrain's energy landscape through centralized functions and streamlined core business operations.
During the session, Group CEO Mr. Mark Thomas presented the executive report detailing Q1 accomplishments. The presentation included in-depth updates on the company's overall performance and ongoing major projects, such as the Bapco Modernization Program (BMP) and the latest developments in exploration and production activities led by Bapco Exploration & Production.
Bapco Energies continues to position itself as a key player in advancing Bahrain's energy ambitions while ensuring sustainable and impactful contributions to the national economy.
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