Knowledge (XXG)

Bapco Energies

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Bapco Energies was established in August 2007 as a subsidiary unit of the National Oil and Gas Authority (NOGA), the Government of Bahrain's petroleum industry regulator. Bapco Energies was intended to concentrate and refocus NOGA's oil, gas, and petrochemical development activities. NOGA was
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was appointed chairman of the board of Bapco Energies in April 2021. Managing Director Mohamed bin Mubarak Bin Daina told the press in October 2021 that Shaikh Nasser was leading the agency away from being a purely oil and gas developer and toward becoming an integrated energy corporation.
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platform, a pipeline to bring natural gas onshore from the regasification platform, an onshore gas storage facility, and a nitrogen production plant. The plant has a capacity of 22,653,500 cubic metres (800,000,000 cu ft) per day.
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In November 2020, Bahrain adopted a strategy for supplying homes, industry, and government buildings with natural gas. The strategy called for the construction of a national natural gas grid and for the construction of pipelines with other
648: 332:$ 4.357 billion), down from BD2.670 billion in 2019. Total assets in 2020 were BD4.055 billion, up from BD3.719 billion in 2019, and total equity was BD1.216 billion, down from BD1.351 billion in 2019. 351:, Bahrain Aviation Fueling Company (Bafco), Bahrain Lube Base Oil Company (Blboc), Bapco Upstream, Bahrain LNG, Bahrain Gasoline Blending, BAC Jet Fuel Company, 1114: 277:
to jointly study the nation's future natural gas needs and from where Bahrain should obtain supplies. The same month, Bapco Energies contracted with
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agreement) in May 2022. About US$ 1.6 billion was used to refinance older debt. This was the first time Bapco Energies had issued
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By 2022, Bapco Energies was studying the possibility of allowing foreign investment in its oil and gas assets, or engaging in an
302:. The agency hired a consultant and a financial advisor to assist it with this aspect of Bahrain's national energy strategy. 159: 50: 1068: 1042: 1016: 990: 964: 938: 912: 886: 860: 834: 162:(NOGA), the government's petroleum regulator, it became an independent agency when NOGA was abolished in September 2021. 171:
abolished in September 2021. Bapco Energies became a semi-independent agency within Bahrain's Ministry of Oil and Gas.
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18th Floor, GBCORP Tower, Building No. 1411, Road No. 4626, Block 346, Bahrain Financial Harbour District, Sea Front,
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Chairman's Report, Independent Auditor's Report and Consolidated Financial Statements for 31 December 2020
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Chairman's Report, Independent Auditor's Report and Consolidated Financial Statements for 31 December 2020
250: 239: 195: 63: 565: 329: 175: 274: 198:(LNG) import terminal in Bahrain. To fund this project, Bapco Energies issued US$ 570 million in 74: 484: 432: 310: 700: 597: 305:
Bapco Energies raised US$ 600 million in sukuk in April 2021, and another US$ 2.2 billion in
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each held another 20 percent. A US$ 98.7 million contract was signed in October 2016 with
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As of 2022, Bapco Energies owned two corporate subsidiaries and had assets of more than
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Bapco Energies rebranded itself from nogaholding to its current name on May 29, 2023.
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member nations to supply the grid with gas. Bapco Energies signed an agreement with
278: 675: 649:"Chevron unit, Nogaholding ink agreement to evaluate future gas demand in Bahrain" 215: 752: 155: 408:"Bahrain's nogaholding aims to broaden energy interests beyond oil and gas" 306: 348: 246: 223: 151: 537:"Bahrain's Nogaholding in $ 98.7 mln deal with JGC Corp for gas plant" 265:
Bapco Energies raised another US$ 1 billion in sukuk in October 2018.
288: 207: 191: 187: 87: 753:"Bahrain's nogaholding closes $ 1.6bn Murabaha facility refinancing" 676:"Air Products and Nogaholding to Develop Bahrain's Hydrogen Economy" 254: 235: 199: 728:"Bahrain Says 'Everything's on the Table' for Oil Privatizations" 623:"Bahrain's Oil Company Targets $ 1 Bln Through Dual-tranche Bond" 281:, an American corporation, to study how Bahrain could move to a 125: 459:"Bahrain abolishes NOGA, oil ministry to take over functions" 566:"Bahrain LNG terminal to start commercial operations in May" 1069:
Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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Working Towards a Sustainable Tomorrow: Annual Report 2020
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In December 2015, Bapco Energies signed an agreement with
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to build a new storage and pipeline facility at the
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Dr. Mohamed bin Mubarak Bin Daina, Managing Director
120: 103: 80: 69: 59: 43: 35: 30: 355:, and Arab Shipbuilding and Repair Yard Bahrain. 158:resources. Established in 2007 as a unit of the 8: 376:The company name is stylized all lower-case. 18: 315:sustainability-linked financing instruments 194:-based petroleum shipping firm, to build a 560: 558: 343:Bapco Energies's subsidiaries include the 218:processing plant. Bapco Energies formed a 146:, is a semi-independent agency within the 591: 589: 587: 324:Bapco Energies reported 2020 revenues of 245:The LNG terminal, located at the city of 154:whose mission is to develop the nation's 321:and workplace injury reduction targets. 389: 369: 401: 399: 397: 395: 393: 309:(a sharia-compliant bond similar to a 17: 596:Lakshmi, Aiswarya (22 January 2017). 353:Gulf Petrochemical Industries Company 7: 726:Martin, Matthew (27 February 2022). 674:Burgess, Molly (27 November 2020). 14: 406:Saba, Yousef (16 November 2021). 1115:Oil and gas companies of Bahrain 489:Sovereign Wealth Fund Institute 433:"Bahrain: What is Nogaholding?" 1110:National oil and gas companies 1100:Government agencies of Bahrain 160:National Oil and Gas Authority 51:National Oil and Gas Authority 1: 1105:Subnational energy ministries 807:nogaholding (17 March 2021). 781:nogaholding (17 March 2021). 317:. The murabaha was linked to 1067:nogaholding (26 May 2022). 1041:nogaholding (26 May 2022). 1015:nogaholding (26 May 2022). 989:nogaholding (26 May 2022). 963:nogaholding (26 May 2022). 937:nogaholding (26 May 2022). 911:nogaholding (26 May 2022). 885:nogaholding (26 May 2022). 859:nogaholding (26 May 2022). 833:nogaholding (26 May 2022). 292:Nasser bin Hamad Al Khalifa 91:Nasser bin Hamad Al Khalifa 1131: 757:TradeArabia Business News 214:(BAPCO) and at Bahrain's 212:Bahrain Petroleum Company 142:(بابكو انرجيز), formerly 23: 319:greenhouse gas emissions 271:Gulf Cooperation Council 732:Bloomberg Business News 300:initial public offering 148:Ministry of Oil and Gas 112:Chief Executive Officer 93:, Chairman of the Board 240:natural gas processing 1074:(Report). p. 104 437:Gul States Newsletter 328:1.643 billion (about 196:liquified natural gas 81:Ministers responsible 64:Government of Bahrain 1048:(Report). p. 90 1022:(Report). p. 86 996:(Report). p. 82 970:(Report). p. 76 944:(Report). p. 70 918:(Report). p. 66 892:(Report). p. 56 866:(Report). p. 48 840:(Report). p. 28 788:(Report). p. 11 814:(Report). p. 9 465:. 27 September 2021 275:Chevron Corporation 20: 655:. 30 November 2020 75:Kingdom of Bahrain 629:. 31 October 2018 627:Offshore Engineer 311:cost-plus pricing 182:Corporate history 150:in the nation of 136: 135: 1122: 1084: 1083: 1081: 1079: 1073: 1064: 1058: 1057: 1055: 1053: 1047: 1038: 1032: 1031: 1029: 1027: 1021: 1012: 1006: 1005: 1003: 1001: 995: 986: 980: 979: 977: 975: 969: 960: 954: 953: 951: 949: 943: 934: 928: 927: 925: 923: 917: 908: 902: 901: 899: 897: 891: 882: 876: 875: 873: 871: 865: 856: 850: 849: 847: 845: 839: 830: 824: 823: 821: 819: 813: 804: 798: 797: 795: 793: 787: 778: 769: 768: 766: 764: 749: 743: 742: 740: 738: 723: 717: 716: 714: 712: 697: 691: 690: 688: 686: 671: 665: 664: 662: 660: 645: 639: 638: 636: 634: 619: 613: 612: 610: 608: 593: 582: 581: 579: 577: 562: 553: 552: 550: 548: 543:. 5 October 2016 533: 527: 526: 524: 522: 507: 501: 500: 498: 496: 481: 475: 474: 472: 470: 455: 449: 448: 446: 444: 429: 423: 422: 420: 418: 403: 377: 374: 283:hydrogen economy 132: 129: 127: 104:Agency executive 44:Preceding agency 21: 1130: 1129: 1125: 1124: 1123: 1121: 1120: 1119: 1090: 1089: 1088: 1087: 1077: 1075: 1071: 1066: 1065: 1061: 1051: 1049: 1045: 1040: 1039: 1035: 1025: 1023: 1019: 1014: 1013: 1009: 999: 997: 993: 988: 987: 983: 973: 971: 967: 962: 961: 957: 947: 945: 941: 936: 935: 931: 921: 919: 915: 910: 909: 905: 895: 893: 889: 884: 883: 879: 869: 867: 863: 858: 857: 853: 843: 841: 837: 832: 831: 827: 817: 815: 811: 806: 805: 801: 791: 789: 785: 780: 779: 772: 762: 760: 751: 750: 746: 736: 734: 725: 724: 720: 710: 708: 707:. 23 April 2021 699: 698: 694: 684: 682: 673: 672: 668: 658: 656: 647: 646: 642: 632: 630: 621: 620: 616: 606: 604: 595: 594: 585: 575: 573: 572:. 25 March 2019 564: 563: 556: 546: 544: 535: 534: 530: 520: 518: 517:. 31 March 2016 509: 508: 504: 494: 492: 483: 482: 478: 468: 466: 457: 456: 452: 442: 440: 431: 430: 426: 416: 414: 405: 404: 391: 381: 380: 375: 371: 361: 341: 184: 168: 166:Agency overview 124: 116: 99: 55: 31:Agency overview 26: 12: 11: 5: 1128: 1126: 1118: 1117: 1112: 1107: 1102: 1092: 1091: 1086: 1085: 1059: 1033: 1007: 981: 955: 929: 903: 877: 851: 825: 799: 770: 744: 718: 692: 666: 653:S&P Global 640: 614: 583: 554: 528: 515:LNG World News 502: 476: 450: 424: 388: 387: 386: 385: 379: 378: 368: 367: 366: 365: 360: 357: 345:Bapco Refinery 340: 337: 259:regasification 253:and receiving 183: 180: 178:10.2 billion. 167: 164: 140:Bapco Energies 134: 133: 128:.bapcoenergies 122: 118: 117: 115: 114: 107: 105: 101: 100: 98: 97: 94: 84: 82: 78: 77: 71: 67: 66: 61: 57: 56: 54: 53: 47: 45: 41: 40: 37: 33: 32: 28: 27: 24: 19:Bapco Energies 13: 10: 9: 6: 4: 3: 2: 1127: 1116: 1113: 1111: 1108: 1106: 1103: 1101: 1098: 1097: 1095: 1070: 1063: 1060: 1044: 1037: 1034: 1018: 1011: 1008: 992: 985: 982: 966: 959: 956: 940: 933: 930: 914: 907: 904: 888: 881: 878: 862: 855: 852: 836: 829: 826: 810: 803: 800: 784: 777: 775: 771: 759:. 10 May 2022 758: 754: 748: 745: 733: 729: 722: 719: 706: 702: 696: 693: 681: 677: 670: 667: 654: 650: 644: 641: 628: 624: 618: 615: 603: 599: 592: 590: 588: 584: 571: 567: 561: 559: 555: 542: 538: 532: 529: 516: 512: 506: 503: 490: 486: 480: 477: 464: 460: 454: 451: 438: 434: 428: 425: 413: 409: 402: 400: 398: 396: 394: 390: 383: 382: 373: 370: 363: 362: 358: 356: 354: 350: 346: 338: 336: 333: 331: 327: 322: 320: 316: 312: 308: 303: 301: 296: 293: 290: 286: 284: 280: 276: 272: 266: 263: 260: 256: 252: 248: 243: 241: 237: 233: 229: 225: 221: 220:joint venture 217: 213: 209: 205: 201: 197: 193: 189: 181: 179: 177: 172: 165: 163: 161: 157: 153: 149: 145: 141: 131: 123: 119: 113: 110:Mark Thomas, 109: 108: 106: 102: 95: 92: 89: 86: 85: 83: 79: 76: 72: 68: 65: 62: 58: 52: 49: 48: 46: 42: 38: 34: 29: 22: 16: 1078:13 September 1076:. 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Retrieved 411: 372: 342: 339:Subsidiaries 334: 323: 304: 297: 287: 279:Air Products 267: 264: 244: 188:Teekay Corp. 185: 173: 169: 143: 139: 137: 70:Headquarters 60:Jurisdiction 25:بابكو انرجيز 15: 602:Marine News 216:natural gas 144:nogaholding 1094:Categories 359:References 251:breakwater 242:facility. 206:which are 384:Citations 349:Bapco Gas 232:JGC Corp. 156:petroleum 307:murabaha 192:Canadian 705:Reuters 570:Retuers 541:Reuters 463:Reuters 412:Reuters 247:Al Hidd 224:Samsung 152:Bahrain 121:Website 818:31 May 792:31 May 763:10 May 737:10 May 711:10 May 685:10 May 659:10 May 633:10 May 607:10 May 576:10 May 547:10 May 521:10 May 495:10 May 491:. 2022 469:10 May 443:10 May 417:10 May 289:Shaikh 208:sharia 88:Shaikh 36:Formed 1072:(PDF) 1046:(PDF) 1020:(PDF) 994:(PDF) 968:(PDF) 942:(PDF) 916:(PDF) 890:(PDF) 864:(PDF) 838:(PDF) 812:(PDF) 786:(PDF) 364:Notes 255:jetty 236:Japan 204:bonds 200:sukuk 1080:2022 1054:2022 1028:2022 1002:2022 976:2022 950:2022 924:2022 898:2022 872:2022 846:2022 820:2022 794:2022 765:2022 739:2022 713:2022 687:2022 661:2022 635:2022 609:2022 578:2022 549:2022 523:2022 497:2022 471:2022 445:2022 419:2022 257:, a 226:and 190:, a 176:US$ 138:The 130:.com 39:2007 234:of 228:GIC 126:www 1096:: 773:^ 755:. 730:. 703:. 678:. 651:. 625:. 600:. 586:^ 568:. 557:^ 539:. 513:. 487:. 461:. 435:. 410:. 392:^ 347:, 330:US 326:BD 285:. 1082:. 1056:. 1030:. 1004:. 978:. 952:. 926:. 900:. 874:. 848:. 822:. 796:. 767:. 741:. 715:. 689:. 663:. 637:. 611:. 580:. 551:. 525:. 499:. 473:. 447:. 421:. 202:(

Index

National Oil and Gas Authority
Government of Bahrain
Kingdom of Bahrain
Shaikh
Nasser bin Hamad Al Khalifa
Chief Executive Officer
www.bapcoenergies.com
Ministry of Oil and Gas
Bahrain
petroleum
National Oil and Gas Authority
US$
Teekay Corp.
Canadian
liquified natural gas
sukuk
bonds
sharia
Bahrain Petroleum Company
natural gas
joint venture
Samsung
GIC
JGC Corp.
Japan
natural gas processing
Al Hidd
breakwater
jetty
regasification

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