29 March 2016
Muscat - GlassPoint Solar, the leading supplier of solar to the oil and gas industry, announced the appointment of energy finance expert Nazar al Lawati as Senior Vice-President of Project Development, International.
Al Lawati, who most recently served as Chief Financial Officer of state owned Oman Oil Refineries and Petroleum Industries Company (Orpic), will lead GlassPoint's growth in the Middle East region.
His mandate includes fostering partnerships with strategic and international partners to develop and finance large-scale solar enhanced oil recovery (EOR) projects.
"I am delighted to be part of an industry leader that is paving the way for solar deployment across the region," stated Nazar al Lawati.
"GlassPoint's technology offers significant economic and environmental benefits to the local economies where we operate. Using solar to produce steam for EOR can reduce an oilfield's gas requirements and corresponding carbon emissions by up to 80 per cent.
Significant value can be extracted from the saved gas through export or by using it to fuel industrial projects and provide feedstock to the petrochemical industry."
Rod MacGregor, GlassPoint's President and Chief Executive Officer, expressed, "I am thrilled to welcome Nazar to our growing team.
I am confident that his expertise and successful track record in securing and executing multibillion dollar deals around the world will help us accelerate projects and offer our customers the lowest cost steam for their thermal recovery operations."
Muscat - GlassPoint Solar, the leading supplier of solar to the oil and gas industry, announced the appointment of energy finance expert Nazar al Lawati as Senior Vice-President of Project Development, International.
Al Lawati, who most recently served as Chief Financial Officer of state owned Oman Oil Refineries and Petroleum Industries Company (Orpic), will lead GlassPoint's growth in the Middle East region.
His mandate includes fostering partnerships with strategic and international partners to develop and finance large-scale solar enhanced oil recovery (EOR) projects.
"I am delighted to be part of an industry leader that is paving the way for solar deployment across the region," stated Nazar al Lawati.
"GlassPoint's technology offers significant economic and environmental benefits to the local economies where we operate. Using solar to produce steam for EOR can reduce an oilfield's gas requirements and corresponding carbon emissions by up to 80 per cent.
Significant value can be extracted from the saved gas through export or by using it to fuel industrial projects and provide feedstock to the petrochemical industry."
Rod MacGregor, GlassPoint's President and Chief Executive Officer, expressed, "I am thrilled to welcome Nazar to our growing team.
I am confident that his expertise and successful track record in securing and executing multibillion dollar deals around the world will help us accelerate projects and offer our customers the lowest cost steam for their thermal recovery operations."
© Oman Daily Observer 2016
