ABU DHABI, Nov 16 (Reuters) - Bahrain"s Oil & Gas Holding Company (nogaholding) aims to expand beyond fossil fuels to become a broader energy firm, company officials said on Tuesday. Nogaholding was set up in 2007 as the development and investment arm of National Oil and Gas Authority (NOGA), the former industry regulator. NOGA was abolished in September, with its regulatory functions moving to the oil ministry. Nogaholding continued to operate after NOGA was scrapped. Nogaholding was originally set up to handle oil and gas activities, but its Acting Managing Director Mohamed bin Mubarak Bin Daina said the company was "now looking at the future of transition, transferring this company from an oil and gas company into an energy company." "That will help us look at the climate change impact, the energy mix and the diversification of energy sources," said Bin Daina, who is Bahrain"s special envoy for climate affairs and chief executive of Bahrain"s Supreme Council for Environment. He was speaking to journalists on the sidelines of the ADIPEC oil and gas forum in Abu Dhabi. Bahrain, one of the most indebted countries in the Gulf, is expected to sell oil and gas assets, after similar moves taken by Saudi Arabia and Abu Dhabi to expand public ownership of their energy industries, sources previously told Reuters. Bin Daina said nothing was planned "very soon" along those lines, without elaborating. He did not rule out the possibility of a public listing for the new energy company. "We"re going through a strategy review because of the transition and looking at all options," nogaholding"s group chief executive officer Mark Thomas said, when asked if nogaholding would sell assets. Nogaholding has raised funds in the debt capital markets several times in the past few years, including a $600 million issuance of sukuk, or Islamic bonds, in April. Bin Daina said the company could issue debt again, if needed. Reporting by Yousef Saba; Additional reporting by Alex Lawler; Writing by Davide Barbuscia; Editing by Kirsten Donovan and Edmund Blair
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