ENOC Group Announces new Board of Directors of its Wholly-Owned Subsidiary Dragon Oil
Dubai, UAE; January 19, 2017: Dubai-government owned ENOC Group announced the new Board of Supervisors of its wholly-owned subsidiary Dragon Oil, with His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Financing, and chairman of ENOC Group board; as its new Chairman.
Dragon Oil's new board members are:
- His Excellency Saeed Mohammed Al Tayer, Managing Director & CEO of DEWA, and Vice Chairman of Dragon Oil board
- His Excellency Abdulrahman Al Saleh, Director-General, Division of Finance, Government of Dubai
- Hussain Hassan Mirza Al Sayegh, Replacement Chairman, Oilfields Supply Centre
- Dr Abdul Rahman Al Awar, Director General of Federal Authority for Federal government Human being Resources (FAHR).
- Ahmad Sharaf, CEO of Dutco Power and Chairman of the Dubai Mercantile Exchange.
- Ahmad Al Muhairbi, Secretary General of the Dubai Supreme Council of Power.
His Excellency Saif Humaid Al Falasi will certainly proceed as Dragon Oil Chief Executive Officer at this stage, along with his obligations as ENOC Group Chief Executive Officer.
Dragon Oil was fully acquired by ENOC in September 2015. Over the last 15 months, ENOC Group has actually conducted due persistance for the assimilation of Dragon Oil into its layer and is now set to embark on a new age of growth.
The new board will certainly supply essential leadership and instructions to Dragon Oil as it seeks more upstream possibilities while building on existing contracts. With the enhancement of an upstream sector to its operations, ENOC now has strong expertises across the whole energy worth chain. Through its investment in Dragon Oil, ENOC provided an upstream property for the emirate of Dubai, highlighting its credentials in bolstering the country's power energy and security.
