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Industry veteran Al Falasi set to lead ENOC's regional and international expansion plan
Dubai - His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Board of the Emirates National Oil Company (ENOC) announced the appointment of Saif Humaid Al Falasi as the new Chief Executive Officer of ENOC.
Al Falasi takes over from Saeed Al Khoory, who served as Chief Executive Officer of ENOC, and led ENOC's business diversification and geographic expansion. With more than 35 years of experience in the industry, Al Falasi will provide vital direction and leadership to the company in driving its growth.
On his new role, Al Falasi said: "I thank the ENOC Chairman and Board of Directors for trusting me with this new responsibility. With the support of the Board of Directors and the management, we will continue to build on the strong results achieved to date. The focus will be to lead the company's growth by exploring new geographic markets as well as diversifying our revenue streams. In this, our people and stakeholders will continue to be the key priority. We will strengthen training programmes for our staff to ensure the development of talent to undertake and manage our growing business footprint effectively."
Formerly Executive Director, Environment, Health, Safety & Quality (EHSQ) and Corporate Affairs at ENOC, Al Falasi joined ENOC in 2008 and has also served as Group General Manager. His expertise spans a wide range of specialties, including project management; petroleum asset evaluation, such as reservoir development and management; development of enhanced oil recovery; drilling and completion technology; surface facilities and production operation.
During his more than three decades working in the industry, Al Falasi has generated and successfully executed several full field development plans for the largest oil fields in the UAE.
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About ENOC
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil & gas sector and beyond, and to encourage the economic diversification of Dubai and the rest of the UAE.
ENOC's vision is to be a leading regional integrated oil & gas group that is highly profitable and socially responsible towards employees, the community and environment. Driving this vision, ENOC is committed to achieving sustainable development and highly profitable growth and serving the growing energy needs of Dubai.
ENOC strives to attract, develop and retain top talent to become the employer of choice, while adopting latest technologies and implementing best practices to achieve world-class performance. ENOC is also focused on meeting and exceeding customer expectations in terms of quality and service, and in maintaining high industry standards with respect to environment, health and safety.
ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.
Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.
For further information, please contact:
Kelly Home / Sonia Blanco
ASDA'A Burson-Marsteller
+9714 4507600
kelly.home@bm.com / sonia.blanco@bm.com
© Press Release 2015
