Abu Dhabi National Oil Co. Names Al-Kindy as Head of Explorationby and
Adnoc also appoints Al Dhaheri as head of marketing, refining
Posts are first major staff changes by new director-general
Abu Dhabi National Oil Co., the emirate’s government-run crude supplier, appointed Abdul Munim Saif Al-Kindy to head exploration and production, a company spokesman said.
Al-Kindy was previously head of Abu Dhabi Co. for Onshore Petroleum Operations, a unit of Adnoc, according to the spokesman. Adnoc also named Abdulla Salem Al Dhaheri as head of marketing and refining, he said.
The appointments are the first major personnel changes by Sultan Ahmed Al Jaber, who took over as Adnoc director-general last month. Abu Dhabi, holder of about 6 percent of global crude reserves, is among Middle Eastern crude exporters grappling with a 25 percent decline in oil prices in the past year that’s curtailed government revenues. The emirate is also seeking international partners for its fields to boost output.
In his previous role, Al-Kindy led the joint venture that pumps most of Abu Dhabi’s oil from its main onshore fields. As head of exploration and production at the parent company, he’ll oversee offshore deposits and efforts to increase natural-gas output as demand from power and chemical plants expands.
Al Dhaheri, formerly head of Adnoc Distribution, which runs the company’s service stations, will now oversee sales of the emirate’s crude oil as well as purchases and exports of refined products.
The Adnoc spokesman didn’t say who Al-Kindy and Al Dhaheri are replacing. The company has appointed an acting head at Abu Dhabi Co. for Onshore Petroleum Operations, he said, without giving a name.
The United Arab Emirates, of which Abu Dhabi is the capital, plans to boost crude output capacity to 3.5 million barrels a day by 2017. In February, production averaged 2.98 million barrels a day, according to data compiled by Bloomberg.