Manama : His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Work and Youth Affairs and Chairman of the Board of Bapco Energies, chaired the Group’s first quarter board meeting for 2025.
During the meeting, HH Shaikh Nasser bin Hamad expressed appreciation for Bapco Energies’ achievements in building and managing a national portfolio of energy companies that support Bahrain’s economy and strengthen investment opportunities in the sector.
HH Shaikh Nasser bin Hamad commended the progress made towards the goals set earlier this year, in line with Bahrain’s Economic Vision 2030, to advance the energy sector.
HH Shaikh Nasser bin Hamad also commended the role of Bapco Energies’ executive management in 2025, particularly their efforts to strengthen partnerships with leading regional organisations.
HH Shaikh Nasser bin Hamad noted the successful issuance of a USD 1 billion, 10-year sukuk, and the signing of an agreement with EOG International, a U.S.-based company specialising in oil and gas exploration.
The meeting reviewed the Group’s consolidated financial statements for the fiscal year ending 31 December 2024, noting Bapco Energies’ strong financial performance despite global economic challenges. The board also reviewed the Group’s operational progress in centralising operations and streamlining key business processes to support the transformation of Bahrain’s energy landscape.
Mark Thomas, Group Chief Executive Officer of Bapco Energies, presented the executive report outlining achievements during the first quarter of 2025, along with detailed updates on the company’s performance and key projects. This included progress on the Bapco Modernization Project (BMP) and ongoing upstream exploration and production activities.
