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Orpic appoints Chief Financial Officer

Muscat: Oman Oil Refineries and Petroleum Industries Company (Orpic) has officially announced the appointment of its chief financial officer (CFO). Having joined GlassPoint earlier this year, Nazar Al Lawati has returned to his position as CFO of Orpic.

Nazar Al Lawati who joins Orpic as its chief financial officer, has more than 20 years experience in the Gulf region, in oil and gas and consumer sectors.

An Omani national, Nazar started his career in 1995 as a petroleum engineer with Petroleum Development Oman (PDO). In 1998, he joined Unilever as a finance management trainee and progressed to various finance management regional roles in the UAE and Saudi Arabia.

In 2004, Nazar returned to the oil and gas sector – joining Shell Upstream to lead the implementation of SOX 404 in the Middle East. During his time with Shell, he was responsible for governance risk and assurance in the region, and was later appointed as finance manager for Shell’s Upstream business in Abu Dhabi and Pakistan.

Returning to Oman in 2011, he joined Orpic as manager of financial services, before being promoted to the role of chief financial officer the following year. His breadth of technical skills, coupled with his strategic counsel and insights, provide a unique and valuable perspective.

Orpic has always been a fantastic place to work in. During my earlier tenure with them, I led the company in securing major debts. This included raising $3.8 billion project finance for Orpic’s Liwa Plastics Industries Complex Project, $2.8 billion for the Sohar Refinery Improvement Project and $900 million in corporate debt. Orpic is at the threshold of major growth and I am excited to be part of this journey,” he said.

Nazar holds a Bachelor’s Degree in Electrical Engineering, from University of Sussex, UK. He is also a Chartered Management Accountant, with the Chartered Institute of Management Accountants, UK.

Source Link: timesofoman.com

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