31 August 2004 - 09:33
  • News ID: 30780
New CEO For Oman Oil Company

Muscat - The board of directors of Oman Oil Company SAOC (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman, has appointed Ahmed Al Wahaibi as chief executive officer (CEO) of the company from September 1, 2004, following the resignation of David C. Douglas earlier this month.

Ahmed Al Wahaibi joined OOC in 1997 and has served the company in several roles. For the last four years, he has been deputy chief executive officer of OOC. "Mr Ahmed Al Wahaibi has successfully demonstrated his integral role in advancing the objectives of OOC over the last several years and based on his background and knowledge of the company's activities he is ideally positioned to lead OOC to continued success in the upcoming years," said Maqbool bin Ali Sultan, minister of commerce and industry and chairman of OOC's board. In his new role, Ahmed Al Wahaibi will lead OOC's business development team and continue pursuing investment opportunities in energy and energy related investments both inside and outside Oman. Ahmed Al Wahaibi has been representing OOC as a director at the board of directors of several subsidiary companies, including Oman India Fertiliser Company SAOC, Oman Oil Marketing Company SAOG, Oman Shipping Company SAOC, Compañia Logistica De Hidrocarburos S.A. in Spain, and Gulf Energy Maritime PJSC in the UAE. The board of directors of OOC has also appointed Mulham Al Jarf as the deputy chief executive officer. Mulham Al Jarf has been with OOC since 2000 and has served the company in various roles, the latest being the head of project and structured finance. Mulham Al Jarf is a graduate of International Business from the USA and Barrister-at-Law registered at the Bar of England & Wales. On behalf of OOC, he has led the financing of Oman Gas Company, Oman India Fertiliser Company, Sohar Refinery Company, and Oman Polypropylene. Oman Oil Company SAOC (OOC) is a commercial company 100 per cent owned by the Government of the Sultanate of Oman. The company was created in 1992 to give the government another vehicle for pursuing investment opportunities in the energy sector both inside and outside Oman. Through participation in energy and energy related projects, OOC plays a role in the Sultanate's efforts to diversify the Omani economy and help generate Omani and foreign private sector investment. In Oman, OOC has interest in numerous projects that are either in operation, under construction or under development. These include gas transmission, petroleum retailing, refining, petrochemicals and aluminum smelting. Outside Oman, OOC has interests in exploration and production, crude oil pipelines and petroleum product logistics. PIN//Times Of Oman
News ID 30780

Your Comment

You are replying to: .
0 + 0 =