EDO Interim Chief Executive Officer (CEO) Haifa al Khaifi said: “EDO’s ambitious vision is inspired by the Oman 2040 Vision of transitioning to renewables, leveraging world-class development opportunities and maximising value for the Sultanate of Oman.” “The new logo, which was designed by PDO Concept and Design Adviser Mohammed al Mahrazy, also reflects our approach to energy and sustainability, as well as EDO’s values of driving forward the energy transition agenda.” Following its establishment, through Royal Decree 128/2020, the transfer of the Block 6 oil concession (Royal Decree 21/2021) and the granting of a new Block 6 gas concession (Royal Decree 43/2021), EDO has made substantial progress on its journey to become the country’s energy champion and to support the Sultanate’s economic diversification. In August 2021, EDO successfully secured USD 2.5 billion of financing at competitive rates to meet the funding requirements for Block 6.
New interim appointments to the EDO team have also been announced, including Saif al Harthi as Chief Financial Officer, Aiman al Shukaili as Chief Strategy and Commercial Officer, Kahlan al Nabhani as Chief Corporate Planning and Services Officer and Dr Qassim al Riyami as Chief Reserves Officer. Haifa Al Khaifi, who has over 25 years of experience in the energy sector and is the first female CEO of a Gulf Co-operation Council national energy company, commented: “These robustly qualified and experienced interim appointees will further energise EDO’s progressive journey during this transitional phase.”
Source Link: www.omanobserver.om