Saudi Arabia finances Bahraini projects with SR 1,125 million Construction and Real Estate

The Bahraini Minister of Oil, Shaikh Mohammed bin Khalifa Al Khalifa, sponsored the signing ceremony of a Saudi export financing agreement established for the Holding Company for Oil and Gas, which was held on Wednesday at the Four Seasons Bahrain Hotel to finance the Kingdom's oil and gas projects worth SR 1125 million. This agreement is part of the joint work between the Government of the Kingdom of Bahrain and the Saudi Development Fund. Dr. Dhafer Al Jalahmeh, Acting CEO of Oil & Gas Holding Company, signed the financing agreement and signed it on behalf of the Saudi Fund for Development Dr. Khalid Bin Sulaiman Al Khasri, Vice President and Managing Director, in the presence of Bahrain's Ambassador to Saudi Arabia Sheikh Hamoud Bin Abdullah Al Khalifa, Abdullah bin Abdulmalik Al-Sheikh, Vice-Chairman of the National Industrial Committee Of the Saudi Council of Chambers Federation of Dr. Abdul Rahman Obeid in addition to a number of officials of the National Authority for Oil and Gas Holding Company for Oil and Gas and the Saudi Fund for Development. Al Khalifa stressed that the National Oil and Gas Authority and the companies under its umbrella are always striving to achieve the high achievements and ambitions for the development of the oil, gas and petrochemical industry. He pointed out that the past period has witnessed intensive efforts and various initiatives carried out by the oil companies of the Authority which resulted in the establishment of several oil projects, Including Bahrain Refinery Refinery, one of the largest oil projects With a capacity of 853 thousand barrels with a total value of 6 billion dollars.