The Bahrain National Gas Company B.S.C. (c) (Banagas) and the Bahrain National Gas Expansion Company W.L.L. (Tawseah) held their third Board of Directors Meetings. The meetings were chaired by Mr. Mark Thomas, Group Chief Executive Officer of the Oil and Gas Holding Company B.S.C (nogaholding) and Chairman of the Board of Directors of Banagas and Tawseah in the presence of Board Members from both companies.
Mr. Thomas extended his sincere gratitude to His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, and His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Works and Youth Affairs, Chairman of nogaholding, for their continuous support for companies operating in the oil and gas sector. He also commended Banagas and Tawseah on their efforts to elevate this vital sector, in line the Kingdom’s Economic Vision 2030.
During the meeting, the Board of Directors discussed the 2023 budget, 2022 financial forecast, cash management activities, and key initiatives aimed at improving the work environment and operational performance.