nogaholding and APICORP sign MoU to promote collaboration

nogaholding and APICORP sign MoU to promote collaboration

The Oil and Gas Holding Company B.S.C (c) (nogaholding) and the Arab Petroleum Investments Corporation (APICORP) signed a memorandum of understanding (MoU) 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 the Kingdom of Bahrain’s energy sector. This includes sharing knowledge and best practices on Environment, Social and Governance (ESG) aspects, sustainability initiatives, and green financing. The MoU was signed by nogaholding Group Chief Executive Officer, Mr. Mark Thomas and APICORP Chief Executive Officer, Mr. Khalid Ali Al-Ruwaigh. The signing ceremony was attended by His Excellency Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment, Special Envoy for Climate Affairs, and nogaholding Board Memberand the Deputy Minister of Energy, Chairman of the Board – APICORP, Dr. Aabed Al-Saadoun, alongside a number of other officials from both parties. Commenting on the MoU, 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