26 October 2016

Al-Rumamin: H.E. Sh. Mohamed bin Khalifa Al Khalifa, Minister of Oil and Chairman of the Board of Directors of Tatweer Petroleum, chaired the Tatweer Petroleum Board of Directors Meeting on Tuesday 25th October 2016 at the company’s headquarters in Al-Rumamin.

This is the second meeting for Tatweer’s new Board of Directors, whose members are H.E. Sh. Mohamed bin Khalifa Al Khalifa, Minister of Oil and Chairman of the Board of Directors, Mr. Rasheed Mohammed Al-Me’araj, Mr. Yousif Abdul Hussain Khalaf, Sh. Tariq bin Mohammed Al Khalifa, Mr. Yousif Abdulla Hamood, and Dr. Fayes Hashem Al Sada.  Tatweer’s company plan for 2017 was presented and various corporate and operational matters were reviewed.

H.E. the Minister of Oil expressed his thanks for the hard work and dedication of Tatweer management and employees and encouraged Tatweer to continue its efforts to increase the oil and gas production in the Bahrain Field. 

Before closing the meetings, H.E. Sh. Mohamed expressed his gratitude to the Kingdom’s wise leadership and their continued support to the Kingdom of Bahrain, its oil and gas industry and Tatweer Petroleum in particular.

-Ends-

About Tatweer Petroleum
In December 2009, Tatweer Petroleum – Bahrain Field Development Company W.L.L. assumed responsibility for the stewardship and revitalization of the mature Bahrain Field and the execution of all activities related to the petroleum operations pursuant to the terms and conditions of the Development and Production Sharing Agreement (DPSA).  The DPSA, dated 26th April 2009, entered into between the National Oil and Gas Authority (NOGA) and Occidental, Mubadala, and The Oil and Gas Holding Company (nogaholding).

As of July 2016, the Company is wholly owned by nogaholding, the business and investment arm of NOGA of the Kingdom of Bahrain, which acts as the steward for the Government’s investment in a diversified range of energy-related companies.  

The Company’s primary goal is to increase the production of oil and the availability of gas to meet the future energy demands of the Kingdom of Bahrain, in line with the nation’s Economic Vision 2030.

Tatweer Petroleum utilizes the latest oil production and recovery technologies whilst upholding its commitment to the highest standards of health, safety and environmental protection, and the development of Bahraini nationals. This will support the Company’s contribution to energizing the Kingdom’s economic growth and social prosperity while maximizing value for stakeholders.

© Press Release 2016