The board of the newly formed state-owned energy company Energy Development Oman (EDO) has named Haifa al Khaifi to lead the company’s executive team, making her the first woman to hold such a position in the energy sector in Oman.
In a statement, PDO said that it was pleased to announce that the EDO Board has ratified appointments of transitional key personnel to the new company’s leadership team. ‘PDO finance director Haifa al Khaifi has been selected as CEO. We are proud that key appointments are from PDO and look forward to the multiple growth opportunities that the creation of EDO will bring about,’ PDO stated.
Others from PDO in the leadership team include Moutaz al Riyami as chief strategy and commercial officer, Ibrahim al Waili as corporate planning and services officer, and Saif al Harthy as board secretary. Ibrahim al Eisri, who worked at Oman Investment Authority, has been appointed as chief financial officer.
Riyami held the position of gas director at PDO, Waili was PDO planning and deal lead, and Harthy was PDO finance controller.
Royal Decree No 128/ 2020 issued in December 2020 ordered the establishment of EDO. According to the decree, the principal commercial objectives of the new energy company are to ‘own a shareholding in PDO and an interest in Block 6 petroleum agreements, and undertake hydrocarbon exploration and production operations in Oman in accordance with such agreements’.
As per the Royal Decree, EDO will also undertake any other project, operation and activity directly or indirectly related to the exploration, development, extraction, production, transportation, ownership, sale, storage and delivery of hydrocarbons. Additionally, the new company will undertake any project, operation and activity directly or indirectly related to renewable energy in Oman.
The head office of the new energy company will be located in Muscat.
‘The company can also borrow or raise money and/or financing of any nature or secure, guarantee or discharge any debt or obligation of the company and/or any third party in any manner whatsoever,’ the Royal Decree stated.
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