According to a royal decree (No 99/2021) from His Majesty King Hamad bin Isa Al Khalifa all financial appropriations allocated for NOGA in the state budget and all its rights and obligations shall be transferred to the Ministry of Oil.
All NOGA's employees will also be transferred to the said ministry with the same rights and benefits.
In April this year, HM the King had appointed the National Security Advisor and Secretary-General of the Supreme Defence Council, HH Shaikh Nasser bin Hamad Al Khalifa, as the Chairman of the Board of Directors of the Oil and Gas Holding Company (Nogaholding), the investment and business development arm of NOGA. --Tradearabia News Service
Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).