APICORP and nogaholding sign MoU to promote collaboration

APICORP and nogaholding sign MoU to promote collaboration

The Oil and Gas Holding Company B.S.C (c), known as nogaholding, and the Arab Petroleum Investments Corporation signed a memorandum of understanding to promote collaboration between the two entities. Under the MoU, nogaholding will leverage APICORP’s experience as a partner to the Arab energy sector to support the company’s strategic initiatives and projects that will be crucial to the future of Bahrain’s energy sector. This includes sharing knowledge and best practices on environmental, social and governance aspects, sustainability initiatives, and green financing. The MoU was signed by APICORP Chief Executive Officer Khalid Ali Al-Ruwaigh and nogaholding Group Chief Executive Officer Mark Thomas. The signing ceremony was attended by Dr. Mohammed bin Mubarak bin Daina, minister of oil and environment and special envoy for climate affairs, and Dr. Aabed Al-Saadoun, chairman of the board — APICORP, alongside a number of other officials from both parties. Dr. bin Daina said: “We are delighted to witness this partnership between two entities focusing on the development of the Arab energy sector and exchanging knowledge for the benefit of communities. The Kingdom has taken massive strides in the development of the oil and gas sector while responsibly working on meeting the decarbonization mandates as pledged