Middle East Economic Survey

VOL. L

No 32

6-August-2007

Bahrain

Bahrain Government Establishes Oil/Gas Holding Company

The Bahrain government announced on 1 August the creation the Holding Company for Oil and Gas, capitalized at BD1bn ($2.6bn). Minister of Oil and Gas Affairs and Chairman of the National Oil and Gas Authority (NOGA) Abd al-Husain Mirza said NOGA had already put in place the necessary regulations to implement the cabinet decision to establish the holding company, prior to the...