March 07, 2017

Industry veteran Ali Rashid Al-Jarwan to lead ENOC-owned subsidiary

Dubai, UAE; 07 March 2017: The board of Dragon Oil, a subsidiary of Dubai-government owned ENOC Group, appointed industry veteran Ali Rashid Al-Jarwan as the new Chief Executive Officer.

His appointment to Dragon Oil comes close on the heels of the new board of directors being appointed in January this year. The new head takes over from His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, who led Dragon Oil in the interim.

The company was fully acquired by ENOC Group in September 2015 providing Dubai an upstream arm and transforming the group into a vertically integrated oil and gas business that is well positioned to strengthen the nation's energy security.

As part of expanding ENOC's presence in the upstream sector, Al-Jarwan will also become the first Managing Director of ENOC's Exploration & Production arm. He will report to His Excellency Saif Humaid Al Falasi.

Al-Jarwan, an award-winning energy professional, has had a long career within the UAE's oil and gas sector, driving the growth of several companies over the last four decades. He served as CEO of Abu Dhabi Marine Operating Company (ADMA-OPCO) in Abu Dhabi since 2006. Prior to that, he served as Deputy General Manager of Zakum Development Company.

Al-Jarwan will provide strategic direction and leadership to Dragon Oil over the next few years as it continues its diversification strategy.

Dragon Oil has operations in Turkmenistan, Iraq, Algeria, Egypt, Afghanistan and Tunisia.

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