Sunday 28 / April / 2024
Muscat: The Board of Directors of Integrated Gas Company S.A.O.C is pleased to announce the appointment of Dr. Aflah Al Hadhrami as Chief Executive Officer. The company was established by the decision of the Ministry of Finance in December 2022.
Aflah Al Hadhrami has an extensive track record of local, regional, and international experience in executive leadership within the oil and gas sector. With a professional career spanning over 28 years, he has held various executive, operational, technical, and commercial roles in multiple companies.
Before joining the current company, he served as the CEO of Alshawamikh Oil Services company. Prior to that, he held leadership positions at British Petroleum (BP), Occidental Petroleum Corporation (OXY), Schlumberger Limited (SLB), and Oman Oil Refinery Company.
Dr. Aflah Al Hadhrami also holds leadership and chairs various boards and several memberships in various councils and committees across different sectors. In addition to his extensive managerial experience and strategic mindset, he earned a Ph.D. in Business Management from the University of Liverpool, United Kingdom, and is a professionally licensed member of the Royal Chartered Institute of (MCIPS / UK).
Alongside his work in the oil and gas industry, he has served as an academic lecturer at the College of Economics and Political Science at Sultan Qaboos University.
The Board of Directors warmly welcomes Dr. Aflah Al Hadhrami as the CEO of the company, relying on his broad experience and leadership skills to achieve the company's goals and aspirations in the upcoming period.
Integrated Gas Company S.A.O.C was established by the decision of the Ministry of Finance in December 2022, adopting its Articles of Association and financial system in accordance with the provisions of Commercial Companies Law No. 18/2019 and its amendments, the Privatization Law issued by Royal Decree No. 51/2019, and Capital Market Law and its amendments issued by Royal Decree No. 80/1998. This is in accordance with the provisions of the Founding Agreement and the Articles of Association.
Integrated Gas Company is a wholly-owned company by the Ministry of Finance, responsible for managing all allocations, assets, rights, and obligations related to the purchase, sale, import, export, and transportation of natural gas and related products on behalf of the Omani government under the license agreement granted to them.
The establishment of Integrated Gas Company aims to enhance the efficiency of the gas sector's management, improve the financial performance indicators of the Sultanate of Oman, exclude the expenses of purchasing and transporting gas from the state budget, and channel the revenue from gas sales to the general treasury of the state. It also aims to ensure the effective implementation of contracts signed in the gas sector, whether by producers or consumers, and to implement government policies and plans regarding gas selling prices, allocated quantities for sectors, and gas sales to gas-based projects. This is while increasing economic activity and the value-added for the gas sector and related activities.
