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FINANCIAL NEWS
Nogaholding signs deal at USD 570mn to enhance Bahrain projects
31 Mar 2016
(MENAFN) Nogaholding, the investment and business development of Bahrain’s National Oil and Gas Authority (NOGA) signed a five year USD 560mn facility.
Furthermore, the agreement was signed to encourage investment into a number of large scale oil and gas projects among the kingdom of Bahrain.
The firm has substantial expansion plans and expects to invest in excess of USD 7bn across many separate ventures in the coming five years.
In addition, these involve 3 key developments: the BAPCO Modernization Program, the LNG Import Terminal and the Bahrain Gas Plant Project.
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