Dubai – Mubasher: The board of directors of Dragon Oil company on Tuesday appointed Ali Rashid Al-Jarwan as the new CEO.
This follows the recent appointment of the new board itself in January 2017, according to a statement.
Dragon Oil was fully acquired by the Dubai government-owned ENOC Group in September 2015.
The oil firm provides the emirate of Dubai with an upstream arm and transforms the group into a “vertically integrated oil and gas business that is well positioned to strengthen the nation’s energy security.
“Al-Jarwan will provide strategic direction and leadership to Dragon Oil over the next few years as it continues its diversification strategy,” the company stated.
As part of expanding ENOC’s presence in the upstream sector, the new CEO will become the first managing director of ENOC’s Exploration & Production arm, the statement showed, noting that he will report to ENOC’s CEO and former interim Dragon Oil CEO Saif Humaid Al Falasi.
Dragon Oil has operations in various Arab countries including Iraq, Algeria, Egypt, and Tunisia, as well as in Turkmenistan and Afghanistan.
