The Oil Holding Company signs an agreement with Chevron to develop...

The Oil Holding Company signs an agreement with Chevron to develop...
The Oil Holding Company signs an agreement with Chevron to develop...
The Oil and Gas Holding Company of the National Oil and Gas Authority has signed a joint study agreement with Chevron Middle East Company for Business Development with remote visual communication technology, with the aim of assessing the future demand for gas in the Kingdom, identifying potential sources of supply to meet these requirements and support the future supply chain of the natural gas port Liquefied (LNG).

The signing of the agreement was attended by Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, where the agreement was signed by the Holding Company for Oil and Gas, Mazen Matar, Chairman of the Board of Directors of Bahrain Liquefied Gas Company, while it was signed for Chevron Middle East Business Development Company in the name of Btisha, Chairman of the Board of Directors of the company, with the participation and presence A number of officials from both sides, in addition to representatives from the US Embassy and the American Chamber of Commerce.

The Minister of Oil welcomed the signing of this important agreement that would support the efforts of the Kingdom of Bahrain in developing the natural gas sector at the level of production and distribution, which would enhance its role in serving the national economy by benefiting from international experiences and the latest global technological systems in this field.

The Minister praised the close relationship with Chevron as one of the leading American companies in the region and one of the largest international oil and gas companies in the fields of exploration, production and supply of oil and gas, which reflects the depth of cooperation relations between the Kingdom of Bahrain and the friendly United States in various fields, appreciating the many achievements of the close relations Between the two parties in the oil and gas sectors.

The minister pointed out the importance of this agreement in assessing the supply and demand for gas in the local market in line with the latest studies, developing a model for future strategic planning and decision-making, and taking the necessary measures to ensure the continuity of the supply of natural gas in the Kingdom, in line with the numerous developmental needs and the population increase, as well as On the efforts made to establish a gas pipeline network to connect Bahrain with the rest of the Gulf Cooperation Council countries.

On his part, Mazen Matar said: “We highly appreciate the efforts of Chevron and the continuous cooperation to support the oil and gas industry, especially the natural gas sector in the Kingdom of Bahrain, as this sector, led by the Minister of Oil, is witnessing the implementation of a number of pioneering projects to develop the gas infrastructure, including the completion of the first pier. For LNG, which is located at a distance of more than 4 kilometers northwest of Khalifa Bin Salman Port, and consists of a floating storage unit, a port and a sea barrier, an adjacent platform to evaporate the liquefied gas to return to its gaseous state, and underwater pipes to transport gas from the platform to the shore, and an onshore facility To receive the gas, in addition to an onshore nitrogen production facility.

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